Fulcrum Capital LLC

Registered adviser

CIK

1724090

Location

SEATTLE, WA

Portfolio Value

Small $516,875,572

Diversification

Diversified

Filing Date

Global Rank

#3,755 / 8,807 ▼ 70 · as of Jun 2026

Top Industry

Software - Infrastructure 17.7%

Period ended 20 days ago

Filed Oct 15, 2026 · 5d

27 quarters · since Mar 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, Oct 1, 2026

Form ADV adviser

CRD 145322

Roster of Oct 1, 2026

Regulatory AUM

$1,075,250,046

Main clients

Individuals and high net worth (71% of AUM)

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 Oct 2026	$1,075,250,046	Individuals and high net worth (71%)
Apr 2025 to Mar 2026	$975,924,657	Individuals and high net worth (69%)
Apr 2024 to Mar 2025	$846,845,156	Individuals and high net worth (66%)
May 2023 to Mar 2024	$746,266,303	Individuals and high net worth (62%)
Apr 2023	$746,266,303	Individuals and high net worth (62%)
Apr 2022 to Mar 2023	$909,761,470	Individuals and high net worth (63%)

3 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 55.1%, 25.2 effective positions, active share 64.2% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

12.5% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.8 quarters (12+), a floor since 44.2% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 64.2%; sector active share 12.7% against the combined 13F book's sector weights.

Over time 26 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

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

Top Position

9.7%

+0.1 pts

Top 5

36.2%

+2.7 pts

Top 10

57.4%

+2.3 pts

HHI

432

Diversified+34

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	39.0%	$201,552,026	18
Unclassified	13.5%	$69,889,043	20
Financial Services	10.8%	$55,653,306	9
Healthcare	8.9%	$45,893,545	11
Communication Services	8.2%	$42,625,742	5
Consumer Cyclical	7.6%	$39,469,510	7
Industrials	6.7%	$34,587,775	10
Consumer Defensive	1.7%	$8,780,163	6
Basic Materials	1.6%	$8,462,145	2
Energy	1.1%	$5,611,000	5
Utilities	0.4%	$2,212,118	4
Real Estate	0.4%	$2,139,199	4

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
NFLX	Netflix Inc	+23,820	158,770	$11,047,216
APH	Amphenol Corp /De/	+22,612	43,124	$3,635,353
MSFT	Microsoft Corp	+17,278	97,875	$50,200,087
PINS	Pinterest, Inc.	+5,133	137,991	$2,606,649
MPT	Medical Properties Trust Inc	+4,800	39,200	$135,632
UBER	Uber Technologies, Inc	+4,799	100,265	$6,869,155
VO	VANGUARD MID-CAP INDEX FUND	+4,414	504,508	$39,563,517
AMZN	Amazon Com Inc	+4,182	107,299	$26,733,545
GOOG	Alphabet Inc.	+3,910	6,236	$2,124,854
AAPL	Apple Inc.	+2,356	98,459	$32,788,816
NVDA	Nvidia Corp	+2,261	121,330	$27,709,345
XYL	Xylem Inc.	+2,224	60,938	$6,171,191
VUG	VANGUARD GROWTH INDEX FUND	+2,157	75,226	$6,778,614
SPGI	S&P Global Inc.	+2,094	26,694	$10,529,982
CME	Cme Group Inc.	+1,897	42,790	$11,210,124
PEP	Pepsico Inc	+1,810	47,400	$6,006,528
WM	Waste Management Inc	+1,655	49,226	$10,038,165
DXCM	Dexcom Inc	+1,296	44,568	$3,845,772
GOOGL	Alphabet Inc.	+1,275	77,212	$26,567,104
EW	Edwards Lifesciences Corp	+1,215	132,586	$11,444,823
COIN	Coinbase Global, Inc.	+1,074	21,122	$3,937,352
ANET	Arista Networks, Inc.	+836	20,576	$4,189,067
FSLR	First Solar, Inc.	+783	33,887	$5,935,646
ULTA	Ulta Beauty, Inc.	+765	12,985	$7,092,017
NOW	ServiceNow, Inc.	+758	35,009	$4,691,556
No positions match the current search.

Trimmed

Positions the filer reduced

23 positions

Ticker	Company	Δ Shares	Shares	Value
FTNT	Fortinet, Inc.	−3,975	161,231	$28,821,653
SCHD	Schwab U.S. Dividend Equity ETF	−1,885	21,000	$683,130
ADBE	Adobe Inc.	−1,760	33,294	$7,988,562
EOG	Eog Resources Inc	−1,583	30,844	$4,249,069
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	−1,156	51,007	$8,042,783
IEMG	iShares Trust	−1,030	4,450	$0
LRCX	Lam Research Corp	−950	70,316	$23,099,509
SBUX	Starbucks Corp	−800	3,698	$347,464
CVLC	Calvert US Large-Cap Core Responsible Index ETF	−772	26,247	$2,484,016
JQUA	JPMorgan U.S. Quality Factor ETF	−706	77,560	$5,723,928
PG	PROCTER & GAMBLE Co	−423	2,068	$300,439
UNH	Unitedhealth Group Inc	−318	23,176	$8,507,446
DRI	Darden Restaurants Inc	−150	1,270	$245,427
IWB	iShares Russell 1000 ETF	−147	810	$0
AMGN	Amgen Inc	−125	5,351	$2,255,500
SPG	Simon Property Group Inc.	−73	2,439	$489,653
IWR	iShares Russell Mid-Cap ETF	−72	14,641	$0
WELL	Welltower Inc.	−71	4,257	$980,131
CMI	Cummins Inc	−67	614	$317,173
JNJ	Johnson & Johnson	−63	3,968	$1,050,488
QCOM	Qualcomm Inc/De	−58	2,136	$393,109
AVGO	Broadcom Inc.	−54	1,540	$540,832
IVV	iShares Core S&P 500 ETF	−54	5,624	$0
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
VLO	Valero Energy Corp/Tx	1,182	$458,155
PAYX	Paychex Inc	2,391	$235,513
GE	General Electric Co	642	$200,490
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
TTD	Trade Desk, Inc.	75,291	$1,361,261
DKS	Dick's Sporting Goods, Inc.	1,066	$241,779
HD	Home Depot, Inc.	659	$232,416
WSO	Watsco Inc	504	$210,031
RHP	Ryman Hospitality Properties, Inc.	1,628	$209,279
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

101 tracked positions · $516,875,572 total · filing declares 101 positions · $524,918,558 · 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 101 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	97,875	+17,278	$50,200,087	+67.0%	9.71%
VO	VANGUARD MID-CAP INDEX FUND	Added	504,508	+4,414	$39,563,517	−1.8%	7.65%
AAPL	Apple Inc. Technology	Added	98,459	+2,356	$32,788,816	+17.9%	6.34%
FTNT	Fortinet, Inc. Technology	Reduced	161,231	-3,975	$28,821,653	+13.6%	5.58%
NVDA	Nvidia Corp Technology	Added	121,330	+2,261	$27,709,345	+16.3%	5.36%
AMZN	Amazon Com Inc Consumer Cyclical	Added	107,299	+4,182	$26,733,545	+8.8%	5.17%
GOOGL	Alphabet Inc. Communication Services	Added	77,212	+1,275	$26,567,104	−2.1%	5.14%
LRCX	Lam Research Corp Technology	Reduced	70,316	-950	$23,099,509	−25.2%	4.47%
TT	Trane Technologies plc Industrials	Added	36,034	+689	$16,286,647	−6.2%	3.15%
MA	Mastercard Inc Financial Services	Added	28,310	+699	$15,612,115	+10.1%	3.02%
JPM	Jpmorgan Chase & Co Financial Services	Added	38,458	+228	$12,723,060	+1.7%	2.46%
EW	Edwards Lifesciences Corp Healthcare	Added	132,586	+1,215	$11,444,823	−3.7%	2.21%
CME	Cme Group Inc. Financial Services	Added	42,790	+1,897	$11,210,124	+24.1%	2.17%
NFLX	Netflix Inc Communication Services	Added	158,770	+23,820	$11,047,216	+14.7%	2.14%
SPGI	S&P Global Inc. Financial Services	Added	26,694	+2,094	$10,529,982	+5.1%	2.04%
WM	Waste Management Inc Industrials	Added	49,226	+1,655	$10,038,165	−5.3%	1.94%
UNH	Unitedhealth Group Inc Healthcare	Reduced	23,176	-318	$8,507,446	−12.9%	1.65%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	16,044	+86	$8,387,963	+5.8%	1.62%
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	Reduced	51,007	-1,156	$8,042,783	−2.6%	1.56%
ADBE	Adobe Inc. Technology	Reduced	33,294	-1,760	$7,988,562	+11.2%	1.55%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	Added	12,985	+765	$7,092,017	+28.7%	1.37%
LIN	Linde PLC Basic Materials	Added	14,665	+421	$6,960,742	−5.8%	1.35%
UBER	Uber Technologies, Inc Technology	Added	100,265	+4,799	$6,869,155	−0.3%	1.33%
VUG	VANGUARD GROWTH INDEX FUND	Added	75,226	+2,157	$6,778,614	+7.7%	1.31%
XYL	Xylem Inc. Industrials	Added	60,938	+2,224	$6,171,191	−11.1%	1.19%
PEP	Pepsico Inc Consumer Defensive	Added	47,400	+1,810	$6,006,528	−2.7%	1.16%
FSLR	First Solar, Inc. Technology	Added	33,887	+783	$5,935,646	−24.0%	1.15%
JQUA	JPMorgan U.S. Quality Factor ETF	Reduced	77,560	-706	$5,723,928	+1.2%	1.11%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	7,257	+171	$4,898,837	+37.9%	0.95%
NOW	ServiceNow, Inc. Technology	Added	35,009	+758	$4,691,556	+38.0%	0.91%
LLY	ELI LILLY & Co Healthcare	Added	3,797	+39	$4,393,432	−2.5%	0.85%
EOG	Eog Resources Inc Energy	Reduced	30,844	-1,583	$4,249,069	+1.0%	0.82%
ANET	Arista Networks, Inc. Technology	Added	20,576	+836	$4,189,067	+24.9%	0.81%
COIN	Coinbase Global, Inc. Financial Services	Added	21,122	+1,074	$3,937,352	+34.3%	0.76%
DHI	Horton D R Inc /De/ Consumer Cyclical	Added	28,670	+310	$3,917,755	−15.2%	0.76%
DXCM	Dexcom Inc Healthcare	Added	44,568	+1,296	$3,845,772	+32.0%	0.74%
INTU	Intuit Inc. Technology	Added	13,276	+33	$3,660,325	+5.9%	0.71%
APH	Amphenol Corp /De/ Technology	Added	43,124	+22,612	$3,635,353	−49.7%	0.70%
PINS	Pinterest, Inc. Communication Services	Added	137,991	+5,133	$2,606,649	−6.7%	0.50%
CVLC	Calvert US Large-Cap Core Responsible Index ETF	Reduced	26,247	-772	$2,484,016	−2.7%	0.48%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Held	25,338	0	$2,274,338	+2.1%	0.44%
AMGN	Amgen Inc Healthcare	Reduced	5,351	-125	$2,255,500	+13.7%	0.44%
GOOG	Alphabet Inc. Communication Services	Added	6,236	+3,910	$2,124,854	+158.5%	0.41%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Added	11,356	+591	$1,762,451	+3.6%	0.34%
ECL	Ecolab Inc. Basic Materials	Added	5,468	+10	$1,501,403	−1.3%	0.29%
COST	Costco Wholesale Corp /New Consumer Defensive	Held	1,186	0	$1,079,663	−2.7%	0.21%
AWK	American Water Works Company, Inc. Utilities	Added	8,339	+136	$1,079,650	+0.0%	0.21%
JNJ	Johnson & Johnson Healthcare	Reduced	3,968	-63	$1,050,488	+2.6%	0.20%
WELL	Welltower Inc. Real Estate	Reduced	4,257	-71	$980,131	−0.2%	0.19%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Held	2,040	0	$725,566	−4.0%	0.14%

Showing the top 50 of 101 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.