Fulcrum Capital LLC

CIK

1724090

Location

SEATTLE, WA

Portfolio Value

Small $388,823,657

Diversification

Diversified

Filing Date

Global Rank

#2,707 / 8,232 ▲ 9

Top Industry

Software - Infrastructure 11.6%

3Y Alpha vs SPY

-7.4%

Period ended 2 months ago

Filed Apr 30, 2026 · 45d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+45.8%

SPY

+76.3%

Annualised alpha

-7.4%

Max drawdown

−18.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

81 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.9%

−0.9 pts

Top 5

31.8%

−2.5 pts

Top 10

50.8%

−0.2 pts

HHI

371

Diversified−20

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	35.9%	$139,396,107	14
Financial Services	13.8%	$53,801,823	10
Healthcare	12.7%	$49,383,758	12
Communication Services	10.6%	$41,341,738	5
Consumer Cyclical	9.7%	$37,794,269	9
Industrials	9.2%	$35,705,378	9
Consumer Defensive	2.7%	$10,465,183	7
Basic Materials	2.3%	$8,857,865	2
Energy	1.8%	$6,835,190	4
Utilities	0.6%	$2,499,295	4
Real Estate	0.5%	$2,138,235	4
Unclassified	0.2%	$604,816	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

21 positions

Ticker	Company	Δ Shares	Shares	Value
FTNT	Fortinet, Inc.	+30,486	174,592	$14,267,658
NFLX	Netflix Inc	+23,641	143,402	$13,788,102
UBER	Uber Technologies, Inc	+21,638	98,972	$7,119,055
MSFT	Microsoft Corp	+6,364	83,376	$30,863,293
TTD	Trade Desk, Inc.	+4,068	72,659	$1,648,632
DXCM	Dexcom Inc	+3,654	44,740	$2,809,672
SPGI	S&P Global Inc.	+3,581	25,307	$10,764,079
PINS	Pinterest, Inc.	+3,072	139,195	$2,552,836
LIN	Linde PLC	+548	14,960	$7,416,569
DHI	Horton D R Inc /De/	+502	46,807	$6,422,856
MA	Mastercard Inc	+488	28,470	$14,225,320
AWK	American Water Works Company, Inc.	+434	8,090	$1,100,968
PYPL	PayPal Holdings, Inc.	+425	52,847	$2,390,269
XYL	Xylem Inc.	+400	59,177	$7,071,651
INTU	Intuit Inc.	+290	15,292	$6,611,954
COP	Conocophillips	+243	3,340	$440,880
PG	PROCTER & GAMBLE Co	+199	2,954	$426,675
AMZN	Amazon Com Inc	+117	108,079	$22,509,613
EW	Edwards Lifesciences Corp	+116	137,336	$10,997,866
HD	Home Depot, Inc.	+46	844	$277,583
BRK-B	Berkshire Hathaway Inc	+27	503	$241,037
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−20,106	80,440	$23,131,326
EOG	Eog Resources Inc	−5,896	39,291	$5,680,299
JPM	Jpmorgan Chase & Co	−5,156	40,058	$11,783,461
ULTA	Ulta Beauty, Inc.	−4,858	12,376	$6,469,058
FSLR	First Solar, Inc.	−4,160	34,592	$6,823,617
NVDA	Nvidia Corp	−4,110	124,861	$21,775,758
LRCX	Lam Research Corp	−1,630	76,393	$16,322,128
AAPL	Apple Inc.	−1,477	99,606	$25,279,006
ZTS	Zoetis Inc.	−1,181	61,932	$7,320,981
CVS	CVS HEALTH Corp	−955	3,837	$275,573
CME	Cme Group Inc.	−714	43,121	$12,735,787
SBUX	Starbucks Corp	−650	4,498	$402,975
PEP	Pepsico Inc	−483	47,383	$7,358,106
UNH	Unitedhealth Group Inc	−433	24,994	$6,763,126
PAYX	Paychex Inc	−392	2,353	$216,758
ABT	Abbott Laboratories	−318	48,300	$4,958,961
ADBE	Adobe Inc.	−286	36,010	$8,753,310
ABBV	AbbVie Inc.	−232	2,334	$507,621
JNJ	Johnson & Johnson	−197	4,376	$1,069,669
MS	Morgan Stanley	−173	2,893	$476,101
AVGO	Broadcom Inc.	−169	1,955	$605,092
COST	Costco Wholesale Corp /New	−167	1,186	$1,181,765
DKS	Dick's Sporting Goods, Inc.	−166	1,369	$271,459
TT	Trane Technologies plc	−146	36,897	$15,376,455
KO	Coca Cola Co	−133	7,706	$586,041
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
UL	Unilever PLC	5,044	$287,356
TXN	Texas Instruments Inc	1,158	$224,814
WMT	Walmart Inc.	1,681	$208,914
GSL	Global Ship Lease, Inc.	5,500	$204,765
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

81 positions · $388,823,657 total · as of Mar 31, 2026

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

Showing 1–50 of 81 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	83,376	+6,364	$30,863,293	−17.1%	7.94%
AAPL	Apple Inc. Technology	Reduced	99,606	-1,477	$25,279,006	−8.0%	6.50%
GOOGL	Alphabet Inc. Communication Services	Reduced	80,440	-20,106	$23,131,326	−26.5%	5.95%
AMZN	Amazon Com Inc Consumer Cyclical	Added	108,079	+117	$22,509,613	−9.7%	5.79%
NVDA	Nvidia Corp Technology	Reduced	124,861	-4,110	$21,775,758	−9.5%	5.60%
LRCX	Lam Research Corp Technology	Reduced	76,393	-1,630	$16,322,128	+22.2%	4.20%
TT	Trane Technologies plc Industrials	Reduced	36,897	-146	$15,376,455	+6.7%	3.95%
FTNT	Fortinet, Inc. Technology	Added	174,592	+30,486	$14,267,658	+24.7%	3.67%
MA	Mastercard Inc Financial Services	Added	28,470	+488	$14,225,320	−10.9%	3.66%
NFLX	Netflix Inc Communication Services	Added	143,402	+23,641	$13,788,102	+22.8%	3.55%
CME	Cme Group Inc. Financial Services	Reduced	43,121	-714	$12,735,787	+6.4%	3.28%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	40,058	-5,156	$11,783,461	−19.1%	3.03%
WM	Waste Management Inc Industrials	Reduced	49,047	-102	$11,270,510	+4.4%	2.90%
EW	Edwards Lifesciences Corp Healthcare	Added	137,336	+116	$10,997,866	−6.0%	2.83%
SPGI	S&P Global Inc. Financial Services	Added	25,307	+3,581	$10,764,079	−5.2%	2.77%
ADBE	Adobe Inc. Technology	Reduced	36,010	-286	$8,753,310	−31.1%	2.25%
LIN	Linde PLC Basic Materials	Added	14,960	+548	$7,416,569	+20.7%	1.91%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Reduced	16,496	-120	$7,366,123	−2.2%	1.89%
PEP	Pepsico Inc Consumer Defensive	Reduced	47,383	-483	$7,358,106	+7.1%	1.89%
ZTS	Zoetis Inc. Healthcare	Reduced	61,932	-1,181	$7,320,981	−7.8%	1.88%
UBER	Uber Technologies, Inc Technology	Added	98,972	+21,638	$7,119,055	+12.7%	1.83%
XYL	Xylem Inc. Industrials	Added	59,177	+400	$7,071,651	−11.7%	1.82%
FSLR	First Solar, Inc. Technology	Reduced	34,592	-4,160	$6,823,617	−32.6%	1.75%
UNH	Unitedhealth Group Inc Healthcare	Reduced	24,994	-433	$6,763,126	−19.4%	1.74%
INTU	Intuit Inc. Technology	Added	15,292	+290	$6,611,954	−33.5%	1.70%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	Reduced	12,376	-4,858	$6,469,058	−38.0%	1.66%
DHI	Horton D R Inc /De/ Consumer Cyclical	Added	46,807	+502	$6,422,856	−3.7%	1.65%
EOG	Eog Resources Inc Energy	Reduced	39,291	-5,896	$5,680,299	+19.7%	1.46%
ABT	Abbott Laboratories Healthcare	Reduced	48,300	-318	$4,958,961	−18.6%	1.28%
AMGN	Amgen Inc Healthcare	Reduced	9,958	-91	$3,503,722	+6.5%	0.90%
LLY	ELI LILLY & Co Healthcare	Reduced	3,807	-11	$3,501,564	−14.7%	0.90%
DXCM	Dexcom Inc Healthcare	Added	44,740	+3,654	$2,809,672	+3.0%	0.72%
PINS	Pinterest, Inc. Communication Services	Added	139,195	+3,072	$2,552,836	−27.6%	0.66%
PYPL	PayPal Holdings, Inc. Financial Services	Added	52,847	+425	$2,390,269	−21.9%	0.61%
TTD	Trade Desk, Inc. Communication Services	Added	72,659	+4,068	$1,648,632	−36.7%	0.42%
ECL	Ecolab Inc. Basic Materials	Reduced	5,418	-22	$1,441,296	+0.9%	0.37%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	1,186	-167	$1,181,765	+1.3%	0.30%
AWK	American Water Works Company, Inc. Utilities	Added	8,090	+434	$1,100,968	+10.2%	0.28%
JNJ	Johnson & Johnson Healthcare	Reduced	4,376	-197	$1,069,669	+13.0%	0.28%
WELL	Welltower Inc. Real Estate	Reduced	4,483	-51	$886,333	+5.3%	0.23%
ATO	Atmos Energy Corp Utilities	Held	4,100	0	$757,352	+10.2%	0.19%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Held	2,040	0	$667,222	+5.4%	0.17%
AVGO	Broadcom Inc. Technology	Reduced	1,955	-169	$605,092	−17.7%	0.16%
SPY	Spdr S&P 500 ETF Trust	Held	930	0	$604,816	−4.6%	0.16%
KO	Coca Cola Co Consumer Defensive	Reduced	7,706	-133	$586,041	+6.9%	0.15%
V	Visa Inc. Financial Services	Reduced	1,863	-16	$563,073	−14.6%	0.14%
SPG	Simon Property Group Inc. Real Estate	Held	2,929	0	$546,346	+0.8%	0.14%
LAMR	Lamar Advertising Co/New Real Estate	Held	4,313	0	$546,284	+0.1%	0.14%
ABBV	AbbVie Inc. Healthcare	Reduced	2,334	-232	$507,621	−13.4%	0.13%
CMI	Cummins Inc Industrials	Reduced	917	-117	$493,364	−6.5%	0.13%