Fulcrum Asset Management LLP

Registered adviser

CIK

1353395

Location

LONDON, X0

Portfolio Value

Mid $2,131,386,507

Diversification

Diversified

Filing Date

Global Rank

#2,527 / 8,827 ▲ 516 · as of Jun 2026

Top Industry

Medical Distribution 6.8%

Period ended 38 days ago

Filed Nov 4, 2026 · 3d

18 quarters · since Jun 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 137661

Roster of Nov 1, 2026

Regulatory AUM

$69,085,960,016

Main clients

Pooled investment vehicles (70% of AUM)

Private funds

7 funds · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$13,798,030,186 gross assets

Registered funds advised

1 series (0 index, 0 ETFs)

$277,942,806 net assets· N-CEN Jun 30, 2026

LEI

9JWDDS4WWM2FGGV7KI02

Private funds on Schedule D 7.B.(1)

As filed Aug 27, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$916,002,487 gross assets in 4 funds Hedge funds $916,002,487 (4)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$69,085,960,016	Pooled investment vehicles (70%)
Jan 2026 to Mar 2026	$29,046,240,268	Pooled investment vehicles (70%)
Apr 2025 to Dec 2025	$29,046,240,268	Pooled investment vehicles (70%)
Sep 2024 to Mar 2025	$34,678,052,083	Pooled investment vehicles (62%)
Apr 2024 to Aug 2024	$34,678,052,083	Pooled investment vehicles (62%)
May 2023 to Mar 2024	$29,298,212,716	Pooled investment vehicles (94%)

5 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 23.7%, 100.6 effective positions, active share 51.5% against the Russell 1000 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

54.7% over the last four quarters (30% to under 100%)

Horizon

Short horizon

Value-weighted holding period 2.5 quarters (under 4)

Closest benchmark: the Russell 1000 as of 2026-06-30, active share 51.5%; sector active share 19.6% against the combined 13F book's sector weights.

Over time 17 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

1,251 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

6.1%

+1.5 pts

Top 5

15.1%

−0.3 pts

Top 10

22.6%

−1.1 pts

HHI

Diversified−11

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	26.0%	$554,295,255	224
Healthcare	15.9%	$337,919,207	156
Financial Services	13.7%	$292,194,853	161
Consumer Cyclical	9.6%	$205,635,597	160
Industrials	9.2%	$196,447,507	200
Unclassified	6.8%	$145,127,521	7
Communication Services	5.3%	$112,120,144	49
Energy	4.9%	$104,091,521	70
Consumer Defensive	3.5%	$73,976,111	60
Real Estate	2.1%	$45,181,887	73
Basic Materials	2.0%	$43,624,173	58
Utilities	1.0%	$20,772,731	33

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BEN	Franklin Templeton Inc	+969,105	1,065,673	$34,229,416
AMC	Amc Entertainment Holdings, Inc.	+910,214	1,033,874	$3,101,622
DNN	Denison Mines Corp.	+321,677	473,704	$1,226,893
SBH	Sally Beauty Holdings, Inc.	+309,564	316,062	$5,189,738
KSS	KOHLS Corp	+264,409	271,731	$5,016,154
GTM	ZoomInfo Technologies Inc.	+259,536	296,494	$1,123,712
CMCSA	Comcast Corp	+255,430	284,938	$6,200,250
SMR	NUSCALE POWER Corp	+241,528	245,486	$1,939,339
ACHR	Archer Aviation Inc.	+237,776	241,492	$1,200,215
M	Macy's, Inc.	+237,658	244,852	$5,575,280
AI	C3.ai, Inc.	+220,098	220,246	$2,420,503
VIRT	Virtu Financial, Inc.	+215,850	245,420	$13,537,367
PCG	PG&E Corp	+181,999	185,795	$2,275,988
WU	Western Union CO	+177,981	179,247	$1,057,557
AVTR	Avantor, Inc.	+167,912	176,112	$2,650,485
FHI	Federated Hermes, Inc.	+166,518	211,596	$11,927,666
T	At&T Inc.	+166,365	200,206	$4,885,026
EROC	ERock, Inc.	+159,706	168,964	$2,071,498
NXE	NexGen Energy Ltd.	+158,474	249,621	$2,276,543
CAH	Cardinal Health Inc	+156,704	226,820	$50,467,450
SMCI	Super Micro Computer, Inc.	+155,730	172,544	$7,086,382
FISV	Fiserv Inc	+153,504	159,241	$7,194,508
F	Ford Motor Co	+148,992	302,964	$3,653,745
TTD	Trade Desk, Inc.	+146,250	207,532	$2,525,664
EL	Estee Lauder Companies Inc	+128,630	130,192	$12,077,911
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
IMCR	Immunocore Holdings plc	−354,025	116,000	$3,513,640
NOV	NOV Inc.	−99,762	10,231	$191,626
HAL	Halliburton Co	−98,883	34,458	$1,095,764
KOS	Kosmos Energy Ltd.	−87,505	12,935	$32,854
HMY	Harmony Gold Mining Co Ltd	−74,652	20,876	$369,922
MRTN	Marten Transport Ltd	−72,642	12,888	$166,512
KR	Kroger Co	−69,789	58,914	$3,453,538
CNQ	CANADIAN NATURAL RESOURCES Ltd	−69,598	2,454	$115,509
HL	Hecla Mining Co	−63,602	50,675	$862,995
WMT	Walmart Inc.	−60,743	94,929	$9,865,021
KNX	Knight-Swift Transportation Holdings Inc.	−46,860	8,606	$547,255
APAM	Artisan Partners Asset Management Inc.	−44,224	2,680	$96,801
IAG	Iamgold Corp	−37,316	18,758	$345,334
MBLY	Mobileye Global Inc.	−36,394	18,254	$134,897
DNOW	DNOW Inc.	−33,554	7,050	$109,275
AUR	Aurora Innovation, Inc.	−32,433	32,939	$182,482
EOSE	Eos Energy Enterprises, Inc.	−31,113	17,811	$54,590
DAR	Darling Ingredients Inc.	−31,018	33,048	$2,006,344
VNOM	Viper Energy, Inc.	−30,230	278	$11,089
MGY	Magnolia Oil & Gas Corp	−29,838	6,554	$153,953
SLB	Slb Limited	−27,186	132,273	$6,444,340
GFI	Gold Fields Ltd	−27,110	9,866	$356,359
BKR	Baker Hughes Co	−26,933	79,676	$4,374,212
OXY	Occidental Petroleum Corp	−22,510	17,466	$966,219
HASI	HA Sustainable Infrastructure Capital, Inc.	−22,360	3,926	$140,629
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
ACWI	iShares MSCI ACWI ETF	820,672	$130,298,093
TWST	Twist Bioscience Corp	46,568	$8,998,800
FIVE	Five Below, Inc	40,428	$8,876,775
TXG	10x Genomics, Inc.	97,662	$8,824,738
GAP	Gap Inc	331,134	$7,563,100
W	Wayfair Inc.	59,752	$6,128,165
BURL	Burlington Stores, Inc.	19,706	$5,265,246
WAT	Waters Corp	11,976	$5,262,134
BMNR	Bitmine Immersion Technologies, Inc.	186,157	$4,920,129
A	Agilent Technologies, Inc.	27,889	$4,805,553
DAL	Delta Air Lines, Inc.	56,006	$4,674,260
CRCL	Circle Internet Group, Inc.	50,959	$4,187,301
SYF	Synchrony Financial	58,305	$4,137,905
COIN	Coinbase Global, Inc.	21,915	$4,085,175
AEO	American Eagle Outfitters Inc	214,316	$3,810,538
TTMI	Ttm Technologies Inc	30,356	$3,728,931
MRNA	Moderna, Inc.	18,554	$3,572,943
ALLY	Ally Financial Inc.	87,976	$3,309,657
PFE	Pfizer Inc	107,464	$3,064,873
URBN	Urban Outfitters Inc	39,620	$3,026,175
TFC	Truist Financial Corp	60,858	$2,817,725
SPY	Spdr S&P 500 ETF Trust	3,512	$2,678,356
ARQT	Arcutis Biotherapeutics, Inc.	98,236	$2,596,377
VTRS	Viatris Inc	144,036	$2,552,317
FIG	Figma, Inc.	121,117	$2,545,879
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CASY	Caseys General Stores Inc	5,974	$4,748,075
EXK	Endeavour Silver Corp	351,888	$2,913,632
WHD	Cactus, Inc.	50,954	$2,610,373
AG	First Majestic Silver Corp	146,830	$2,490,236
PUMP	ProPetro Holding Corp.	138,750	$1,989,675
SVM	Silvercorp Metals Inc	188,816	$1,907,041
HP	Helmerich & Payne, Inc.	54,380	$1,780,401
TS	Tenaris SA	32,076	$1,779,897
XHB	State Street(R) SPDR(R) S&P(R) Homebuilders ETF	14,152	$1,635,405
PTEN	Patterson Uti Energy Inc	173,116	$1,589,204
PR	Permian Resources Corp	80,894	$1,489,258
AYA	Aya Gold & Silver Inc.	73,160	$1,385,650
CCL	Carnival Corp Ltd.	44,216	$1,263,251
MTSI	MACOM Technology Solutions Holdings, Inc.	3,249	$1,235,822
TALO	Talos Energy Inc.	69,848	$901,737
BA	Boeing Co	3,174	$687,075
AGI	Alamos Gold Inc	18,580	$563,717
RES	Rpc Inc	83,874	$488,985
CORZ	Core Scientific, Inc.	18,164	$464,816
USAS	Americas Gold & Silver Corp	88,914	$419,674
BKD	Brookdale Senior Living Inc.	22,904	$368,525
SYNA	SYNAPTICS Inc	2,658	$330,203
TE	T1 Energy Inc.	34,224	$324,443
PTON	Peloton Interactive, Inc.	53,798	$317,946
PENG	Penguin Solutions, Inc.	3,888	$295,526
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,251 tracked positions · $2,131,386,507 total · filing declares 1,275 positions · $2,142,010,947 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,251 positions by value · page 1 of 26

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ACWI	iShares MSCI ACWI ETF	NEW	820,672	NEW	$130,298,093	NEW	6.11%
NVDA	Nvidia Corp Technology	Added	237,348	+5,012	$54,205,536	+16.6%	2.54%
CAH	Cardinal Health Inc Healthcare	Added	226,820	+156,704	$50,467,450	+203.0%	2.37%
MCK	Mckesson Corp Healthcare	Added	53,198	+32,482	$45,420,983	+190.2%	2.13%
AAPL	Apple Inc. Technology	Added	121,459	+4,328	$40,448,276	+19.3%	1.90%
COR	Cencora, Inc. Healthcare	Added	130,835	+79,087	$39,283,208	+168.3%	1.84%
BEN	Franklin Templeton Inc Financial Services	Added	1,065,673	+969,105	$34,229,416	+965.4%	1.61%
MSFT	Microsoft Corp Technology	Added	57,170	+8,611	$29,322,493	+61.9%	1.38%
AMG	Affiliated Managers Group, Inc. Financial Services	Added	78,628	+64,462	$28,747,183	+499.7%	1.35%
MU	Micron Technology Inc Technology	Reduced	19,945	-751	$21,243,618	−11.1%	1.00%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	83,971	-1,000	$20,921,374	+3.3%	0.98%
META	Meta Platforms, Inc. Communication Services	Added	28,144	+874	$20,409,465	+32.9%	0.96%
GOOG	Alphabet Inc. Communication Services	Reduced	44,030	-541	$15,002,782	−4.7%	0.70%
AVGO	Broadcom Inc. Technology	Reduced	42,386	-368	$14,885,539	−7.8%	0.70%
VCTR	Victory Capital Holdings, Inc. Financial Services	Added	127,265	+107,605	$14,075,509	+751.7%	0.66%
VIRT	Virtu Financial, Inc. Financial Services	Added	245,420	+215,850	$13,537,367	+668.5%	0.64%
GOOGL	Alphabet Inc. Communication Services	Added	39,218	+1,566	$13,494,129	+0.3%	0.63%
LLY	ELI LILLY & Co Healthcare	Added	11,093	+2,418	$12,835,488	+23.4%	0.60%
EL	Estee Lauder Companies Inc Consumer Defensive	Added	130,192	+128,630	$12,077,911	+9694.0%	0.57%
FHI	Federated Hermes, Inc. Financial Services	Added	211,596	+166,518	$11,927,666	+379.2%	0.56%
EQIX	Equinix Inc Real Estate	Added	11,672	+11,558	$11,807,161	+9836.0%	0.55%
FTNT	Fortinet, Inc. Technology	Added	65,149	+8,609	$11,646,035	+34.1%	0.55%
DLR	Digital Realty Trust, Inc. Real Estate	Added	64,654	+63,886	$11,348,716	+8128.7%	0.53%
AAMI	Acadian Asset Management Inc. Financial Services	Added	119,270	+96,406	$10,938,251	+568.9%	0.51%
AMD	Advanced Micro Devices Inc Technology	Added	17,123	+5,634	$10,475,166	+57.0%	0.49%
MTD	Mettler Toledo International Inc Healthcare	Added	6,580	+3,340	$9,942,051	+140.2%	0.47%
OKTA	Okta, Inc. Technology	Added	47,480	+9,498	$9,928,542	+91.6%	0.47%
WMT	Walmart Inc. Consumer Defensive	Reduced	94,929	-60,743	$9,865,021	−44.0%	0.46%
ANET	Arista Networks, Inc. Technology	Added	47,850	+6,090	$9,741,781	+37.3%	0.46%
VSXY	Victoria's Secret & Co. Consumer Cyclical	Added	108,818	+108,628	$9,626,040	+60590.0%	0.45%
TWST	Twist Bioscience Corp Healthcare	NEW	46,568	NEW	$8,998,800	NEW	0.42%
CHTR	Charter Communications, Inc. Communication Services	Added	80,639	+77,733	$8,942,865	+2064.0%	0.42%
FIVE	Five Below, Inc Consumer Cyclical	NEW	40,428	NEW	$8,876,775	NEW	0.42%
TXG	10x Genomics, Inc. Healthcare	NEW	97,662	NEW	$8,824,738	NEW	0.41%
TJX	Tjx Companies Inc Consumer Cyclical	Added	66,413	+38,543	$8,787,103	+108.1%	0.41%
JNJ	Johnson & Johnson Healthcare	Added	32,760	+11,945	$8,672,882	+64.1%	0.41%
ILMN	Illumina, Inc. Healthcare	Added	31,447	+30,550	$8,606,414	+5356.8%	0.40%
MSTR	Strategy Inc Technology	Added	54,876	+51,838	$8,400,966	+3081.1%	0.39%
ORCL	Oracle Corp Technology	Added	59,693	+51,196	$8,195,848	+558.2%	0.38%
APH	Amphenol Corp Technology	Added	96,771	+51,530	$8,157,795	+2.3%	0.38%
SNDK	Sandisk Corp Technology	Added	4,674	+2,662	$8,132,245	+77.8%	0.38%
ABT	Abbott Laboratories Healthcare	Added	81,700	+18,291	$8,074,411	+40.3%	0.38%
TEAM	Atlassian Corp Technology	Added	44,982	+44,747	$8,064,822	+44018.3%	0.38%
ZS	Zscaler, Inc. Technology	Added	39,967	+39,796	$7,970,219	+32922.1%	0.37%
SHOP	Shopify Inc. Technology	Added	51,390	+5,074	$7,621,137	+44.1%	0.36%
GAP	Gap Inc Consumer Cyclical	NEW	331,134	NEW	$7,563,100	NEW	0.35%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	21,037	-2,778	$7,464,137	−25.5%	0.35%
AMAT	Applied Materials Inc Technology	Added	14,355	+9,715	$7,340,859	+118.8%	0.34%
LITE	Lumentum Holdings Inc. Technology	Added	7,541	+6,285	$7,324,271	+579.6%	0.34%
CTSH	Cognizant Technology Solutions Corp Technology	Added	127,204	+126,832	$7,306,597	+50615.6%	0.34%

Showing the top 50 of 1,251 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.