Fulcrum Asset Management LLP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 18, 2026), Fulcrum Asset Management LLP reported 1,027 stock positions worth $1.0 billion. Its top holding was Nvidia (NVDA) at 4.5% of the portfolio, followed by Apple (AAPL, 3.3%) and Micron Technology (MU, 2.4%). Compared with Q1 2026, it opened 835 new positions, sold out of 27, added to 59 and reduced 91. The biggest buy was a new position in Apple (AAPL) and the biggest sale Darling Ingredients (DAR, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001353395
- Portfolio Value
- $1.0B (Q2 2026)
- SEC Filing
- 0001353395-26-000005 ↗ filed Aug 18, 2026
Holdings Value
Holdings 1,027 stocks · $1.0B
| NVDA Nvidia Corp. | 4.52% | 232,336 | $45.3M | Reduce -21.8% |
| AAPL Apple Inc. | 3.29% | 117,131 | $33.0M | New |
| MU Micron Technology Inc. | 2.36% | 20,696 | $23.7M | Reduce -3.6% |
| AMZN Amazon.com Inc. | 2.03% | 84,971 | $20.4M | Reduce -20.2% |
| MSFT Microsoft Corp. | 1.78% | 48,559 | $17.9M | Reduce -30.9% |
| WMT Walmart Inc. | 1.78% | 155,672 | $17.8M | New |
| CAH Cardinal Health Inc. | 1.65% | 70,116 | $16.6M | New |
| AVGO Broadcom Inc. | 1.59% | 42,754 | $15.9M | Reduce -40.6% |
| GOOG Alphabet Inc. Class C | 1.56% | 44,571 | $15.7M | Reduce -29.8% |
| MCK McKesson Corp. | 1.54% | 20,716 | $15.5M | New |
| META Meta Platforms Inc. Class A | 1.53% | 27,270 | $15.3M | New |
| COR Cencora Inc. | 1.45% | 51,748 | $14.6M | New |
| IMCR Immunocore Holdings PLC-ADR | 1.43% | 470,025 | $14.3M | New |
| GOOGL Alphabet Inc. Class A | 1.33% | 37,652 | $13.3M | Reduce -25.2% |
| LLY Eli Lilly & Co. | 1.06% | 8,675 | $10.7M | New |
| COST Costco Wholesale Corp. | 1.02% | 10,779 | $10.2M | New |
| PWR Quanta Services Inc. | 0.99% | 13,896 | $9.9M | New |
| TSLA Tesla Inc. | 0.98% | 23,815 | $9.8M | New |
| GEV GE Vernova Inc. | 0.95% | 8,624 | $9.5M | New |
| FTNT Fortinet Inc. | 0.88% | 56,540 | $8.8M | New |
| APH Amphenol Corp. Class A | 0.75% | 45,241 | $7.5M | Reduce -14.9% |
| XOM Exxon Mobil Corp. | 0.74% | 54,371 | $7.4M | New |
| SLB SLB Ltd. filed as SLB LIMITED | 0.74% | 159,459 | $7.4M | Reduce -52.8% |
| CAT Caterpillar Inc. | 0.74% | 7,158 | $7.4M | New |
| KR Kroger Co. | 0.72% | 128,703 | $7.2M | New |
| HWM Howmet Aerospace Inc. | 0.71% | 26,546 | $7.1M | New |
| WWD Woodward Inc. | 0.68% | 16,194 | $6.9M | New |
| ANET Arista Networks Inc. | 0.68% | 41,760 | $6.9M | New |
| MNST Monster Beverage Corp. | 0.65% | 66,932 | $6.5M | New |
| RSG Republic Services Inc. | 0.64% | 29,873 | $6.4M | Reduce -50.1% |
| JPMORGAN CHASE & CO | 0.64% | 448,500,000 | $6.4M | New |
| AXP American Express Co. | 0.63% | 18,607 | $6.3M | New |
| AMD Advanced Micro Devices | 0.62% | 11,489 | $6.2M | Reduce -15.1% |
| BKR Baker Hughes Co. | 0.60% | 106,609 | $6.0M | Add +21.2% |
| ABT Abbott Laboratories | 0.59% | 63,409 | $5.9M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.59% | 12,902 | $5.9M | New |
| MS Morgan Stanley | 0.57% | 27,158 | $5.7M | Add +52.7% |
| CTVA Corteva Inc. | 0.57% | 68,091 | $5.7M | Add +140.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.56% | 24,583 | $5.6M | Add +225.3% |
| CVX Chevron Corp. | 0.55% | 32,955 | $5.6M | Add +54.8% |
| PLD Prologis Inc. | 0.54% | 38,983 | $5.4M | Add +585.0% |
| NEE Nextera Energy Inc. | 0.54% | 60,762 | $5.4M | Reduce -58.1% |
| JNJ Johnson & Johnson | 0.54% | 20,815 | $5.4M | Reduce -9.0% |
| VRT Vertiv Holdings Co. Class A | 0.53% | 17,377 | $5.3M | New |
| SHOP Shopify Inc. Class A | 0.53% | 46,316 | $5.3M | New |
| TRV The Travelers Cos Inc. | 0.51% | 15,488 | $5.1M | New |
| IBKR Interactive Brokers Gro Class A | 0.51% | 58,186 | $5.1M | Reduce -16.2% |
| BAC Bank of America Corp. | 0.51% | 87,717 | $5.1M | Add +56.9% |
| OKTA Okta Inc. | 0.50% | 37,982 | $5.0M | Add +1695.0% |
| CMG Chipotle Mexican Grill Inc. | 0.50% | 150,823 | $5.0M | Add +132.4% |
| V Visa Inc. Class A | 0.50% | 14,554 | $5.0M | Reduce -41.7% |
| JPM JPMorgan Chase & Co. | 0.49% | 15,051 | $5.0M | Reduce -60.8% |
| GE General Electric filed as GE AEROSPACE | 0.49% | 13,087 | $4.9M | New |
| AMG Affiliated Managers Group | 0.48% | 14,166 | $4.9M | New |
| BLK BlackRock Inc. | 0.48% | 5,081 | $4.8M | New |
| MA Mastercard Inc. Class A | 0.48% | 9,423 | $4.8M | Reduce -29.4% |
| AME Ametek Inc. | 0.47% | 19,728 | $4.7M | Reduce -8.2% |
| CASY Casey's General Stores Inc. | 0.46% | 5,974 | $4.7M | New |
| HAL Halliburton Co. | 0.45% | 133,341 | $4.5M | Reduce -74.0% |
| IR Ingersoll-Rand Inc. | 0.45% | 55,773 | $4.5M | New |
| KNX Knight-Swift Transportation | 0.43% | 55,466 | $4.3M | New |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.43% | 14,850 | $4.3M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.42% | 27,870 | $4.2M | Add +63.7% |
| SNDK Sandisk Corp. | 0.41% | 2,012 | $4.1M | New |
| WCN Waste Connections Inc. | 0.41% | 24,724 | $4.1M | Reduce -49.0% |
| MTD Mettler-Toledo International | 0.41% | 3,240 | $4.1M | New |
| INTC Intel Corp. | 0.37% | 28,250 | $3.7M | New |
| CHRW C.H. Robinson Worldwide Inc. | 0.37% | 19,996 | $3.7M | New |
| WDC Western Digital Corp. | 0.37% | 5,658 | $3.7M | New |
| LSTR Landstar System Inc. | 0.37% | 17,540 | $3.7M | New |
| LRCX Lam Research Corp. | 0.35% | 8,534 | $3.5M | Reduce -43.5% |
| TLN Talen Energy Corp. | 0.35% | 8,766 | $3.5M | New |
| TMUS T-Mobile US Inc. | 0.35% | 19,981 | $3.5M | Add +586.6% |
| ODFL Old Dominion Freight Line | 0.34% | 15,624 | $3.4M | New |
| DAR Darling Ingredients Inc. | 0.34% | 64,066 | $3.4M | Reduce -82.5% |
| CEG Constellation Energy | 0.34% | 12,998 | $3.4M | New |
| ES Eversource Energy | 0.33% | 45,525 | $3.4M | Reduce -30.7% |
| DVN Devon Energy Corp. | 0.33% | 78,775 | $3.3M | Reduce -56.6% |
| AMAT Applied Materials Inc. | 0.32% | 4,640 | $3.2M | Reduce -63.9% |
| BEN Franklin Templeton Inc. | 0.32% | 96,568 | $3.2M | New |
| DHR Danaher Corp. | 0.32% | 16,459 | $3.2M | New |
| ED Consolidated Edison Inc. | 0.31% | 27,517 | $3.1M | Reduce -12.6% |
| HEI Heico Corp. | 0.31% | 8,738 | $3.1M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 6,000 | $3.0M | New |
| DECK Deckers Outdoor Corp. | 0.30% | 29,246 | $3.0M | New |
| ABNB Airbnb Inc. Class A | 0.29% | 20,076 | $3.0M | New |
| AIR Aar Corp. | 0.29% | 20,634 | $2.9M | New |
| EXK Endeavour Silver Corp. | 0.29% | 351,888 | $2.9M | New |
| CNQ Canadian Natural Resources | 0.28% | 72,052 | $2.8M | New |
| AWK American Water Works Co. Inc. | 0.28% | 21,376 | $2.8M | Add +0.5% |
| EXPD Expeditors Intl Wash Inc. | 0.28% | 17,148 | $2.8M | New |
| SPGI S&P Global Inc. | 0.27% | 7,076 | $2.7M | Add +3.9% |
| APP AppLovin Corp. Class A | 0.27% | 5,400 | $2.7M | New |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.27% | 23,270 | $2.7M | New |
| LBRT Liberty Energy Inc. | 0.26% | 100,534 | $2.6M | Reduce -76.5% |
| UBER Uber Technologies Inc. | 0.26% | 34,895 | $2.6M | New |
| FANG Diamondback Energy Inc. | 0.26% | 14,508 | $2.6M | New |
| WSM Williams-Sonoma Inc. | 0.26% | 10,903 | $2.6M | New |
| KLAC KLA Corp. | 0.26% | 9,359 | $2.6M | Add +30.4% |
| LOW Lowe's Cos Inc. | 0.26% | 11,860 | $2.6M | Add +31.6% |
Portfolio Sells Q1 2026 → Q2 2026
| DAR Darling Ingredients Inc. | Reduce -82.5% | 0.34% | −3.00 |
| NVDA Nvidia Corp. | Reduce -21.8% | 4.52% | −2.90 |
| HAL Halliburton Co. | Reduce -74.0% | 0.45% | −2.58 |
| WM Waste Management Inc. | Reduce -85.1% | 0.23% | −2.23 |
| MSFT Microsoft Corp. | Reduce -30.9% | 1.78% | −2.03 |
| SLB SLB Ltd. | Reduce -52.8% | 0.74% | −1.89 |
| TRANE TECHNOLOGIES PLC | Sold out | 0.00% | −1.70 |
| PUMP Propetro Holding Corp. | Reduce -83.2% | 0.20% | −1.63 |
| AVGO Broadcom Inc. | Reduce -40.6% | 1.59% | −1.60 |
| LBRT Liberty Energy Inc. | Reduce -76.5% | 0.26% | −1.60 |
| CF CF Industries Holdings Inc. | Reduce -98.6% | 0.01% | −1.51 |
| NEE Nextera Energy Inc. | Reduce -58.1% | 0.54% | −1.48 |
| PTEN Patterson-Uti Energy Inc. | Reduce -81.6% | 0.16% | −1.41 |
| RSG Republic Services Inc. | Reduce -50.1% | 0.64% | −1.37 |
| GPRE Green Plains Inc. | Reduce -100.0% | 0.00% | −1.36 |
| WHD Cactus Inc. Class A | Reduce -77.1% | 0.25% | −1.32 |
| HP Helmerich & Payne | Reduce -80.0% | 0.18% | −1.29 |
| AMZN Amazon.com Inc. | Reduce -20.2% | 2.03% | −1.20 |
| PBF PBF Energy Inc. Class A | Reduce -100.0% | 0.00% | −1.16 |
| JPM JPMorgan Chase & Co. | Reduce -60.8% | 0.49% | −1.15 |
| FTI Technipfmc PLC | Sold out | 0.00% | −1.10 |
| DVN Devon Energy Corp. | Reduce -56.6% | 0.33% | −1.08 |
| GOOG Alphabet Inc. Class C | Reduce -29.8% | 1.56% | −1.06 |
| NTR Nutrien Ltd. | Reduce -93.6% | 0.04% | −1.03 |
| NOV Nov Inc. | Reduce -74.8% | 0.20% | −1.02 |
| DINO HF Sinclair Corp. | Reduce -100.0% | 0.00% | −0.91 |
| TRAVELERS COMPANIES INC | Sold out | 0.00% | −0.84 |
| WCN Waste Connections Inc. | Reduce -49.0% | 0.41% | −0.78 |
| GOOGL Alphabet Inc. Class A | Reduce -25.2% | 1.33% | −0.75 |
| PSX Phillips 66 | Reduce -93.5% | 0.03% | −0.74 |
| NBR Nabors Industries Ltd. | Sold out | 0.00% | −0.65 |
| AEM Agnico Eagle Mines Ltd. | Reduce -59.4% | 0.18% | −0.65 |
| V Visa Inc. Class A | Reduce -41.7% | 0.50% | −0.63 |
| MPC Marathon Petroleum Corp. | Reduce -99.9% | 0.00% | −0.63 |
| RGLD Royal Gold Inc. | Sold out | 0.00% | −0.63 |
| OSK Oshkosh Corp. | Sold out | 0.00% | −0.63 |
| AA Alcoa Corp. | Sold out | 0.00% | −0.63 |
| KGC Kinross Gold Corp. | Reduce -60.3% | 0.16% | −0.59 |
| TDW Tidewater Inc. | Reduce -100.0% | 0.00% | −0.58 |
| PGR Progressive Corp. | Reduce -86.6% | 0.06% | −0.58 |
| BTU Peabody Energy Corp. | Reduce -100.0% | 0.00% | −0.55 |
| RES RPC Inc. | Reduce -84.8% | 0.05% | −0.55 |
| MA Mastercard Inc. Class A | Reduce -29.4% | 0.48% | −0.52 |
| VLO Valero Energy Corp. | Reduce -99.9% | 0.00% | −0.49 |
| TMO Thermo Fisher Scientific Inc. | Reduce -76.4% | 0.09% | −0.48 |
| CLH Clean Harbors Inc. | Reduce -57.8% | 0.20% | −0.46 |
| CPAY Corpay Inc. | Reduce -91.9% | 0.03% | −0.42 |
| ADSK Autodesk Inc. | Reduce -95.7% | 0.01% | −0.41 |
| PEP Pepsico Inc. | Reduce -94.8% | 0.01% | −0.36 |
| DNOW Dnow Inc. | Reduce -82.4% | 0.05% | −0.35 |
Portfolio Buys Q1 2026 → Q2 2026
| AAPL Apple Inc. | New | 3.29% | +3.29 |
| WMT Walmart Inc. | New | 1.78% | +1.78 |
| CAH Cardinal Health Inc. | New | 1.65% | +1.65 |
| MCK McKesson Corp. | New | 1.54% | +1.54 |
| META Meta Platforms Inc. Class A | New | 1.53% | +1.53 |
| COR Cencora Inc. | New | 1.45% | +1.45 |
| IMCR Immunocore Holdings PLC-ADR | New | 1.43% | +1.43 |
| LLY Eli Lilly & Co. | New | 1.06% | +1.06 |
| COST Costco Wholesale Corp. | New | 1.02% | +1.02 |
| PWR Quanta Services Inc. | New | 0.99% | +0.99 |
| TSLA Tesla Inc. | New | 0.98% | +0.98 |
| GEV GE Vernova Inc. | New | 0.95% | +0.95 |
| FTNT Fortinet Inc. | New | 0.88% | +0.88 |
| XOM Exxon Mobil Corp. | New | 0.74% | +0.74 |
| CAT Caterpillar Inc. | New | 0.74% | +0.74 |
| KR Kroger Co. | New | 0.72% | +0.72 |
| HWM Howmet Aerospace Inc. | New | 0.71% | +0.71 |
| WWD Woodward Inc. | New | 0.68% | +0.68 |
| ANET Arista Networks Inc. | New | 0.68% | +0.68 |
| MNST Monster Beverage Corp. | New | 0.65% | +0.65 |
| JPMORGAN CHASE & CO | New | 0.64% | +0.64 |
| AXP American Express Co. | New | 0.63% | +0.63 |
| ABT Abbott Laboratories | New | 0.59% | +0.59 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.59% | +0.59 |
| VRT Vertiv Holdings Co. Class A | New | 0.53% | +0.53 |
| SHOP Shopify Inc. Class A | New | 0.53% | +0.53 |
| TRV The Travelers Cos Inc. | New | 0.51% | +0.51 |
| GE General Electric | New | 0.49% | +0.49 |
| AMG Affiliated Managers Group | New | 0.48% | +0.48 |
| BLK BlackRock Inc. | New | 0.48% | +0.48 |
| OKTA Okta Inc. | Add +1695.0% | 0.50% | +0.47 |
| CASY Casey's General Stores Inc. | New | 0.46% | +0.46 |
| IR Ingersoll-Rand Inc. | New | 0.45% | +0.45 |
| KNX Knight-Swift Transportation | New | 0.43% | +0.43 |
| PLD Prologis Inc. | Add +585.0% | 0.54% | +0.43 |
| JBHT Hunt (jb) Transprt SVCS Inc. | New | 0.43% | +0.43 |
| SNDK Sandisk Corp. | New | 0.41% | +0.41 |
| MTD Mettler-Toledo International | New | 0.41% | +0.41 |
| INTC Intel Corp. | New | 0.37% | +0.37 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.37% | +0.37 |
| WDC Western Digital Corp. | New | 0.37% | +0.37 |
| LSTR Landstar System Inc. | New | 0.37% | +0.37 |
| TLN Talen Energy Corp. | New | 0.35% | +0.35 |
| ODFL Old Dominion Freight Line | New | 0.34% | +0.34 |
| CEG Constellation Energy | New | 0.34% | +0.34 |
| BEN Franklin Templeton Inc. | New | 0.32% | +0.32 |
| DHR Danaher Corp. | New | 0.32% | +0.32 |
| AJG Arthur J Gallagher & Co. | Add +225.3% | 0.56% | +0.31 |
| HEI Heico Corp. | New | 0.31% | +0.31 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.30% | +0.30 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,027 | $1.0B | NVDA, AAPL, MU, AMZN, MSFT |
| Q1 2026 | 219 | $661.8M | NVDA, MSFT, DAR, AMZN, AVGO |
| Q4 2025Amended | 181 | $359.4M | NVDA, MSFT, AMZN, AVGO, GOOGL |
| Q3 2025Amended | 177 | $360.7M | NVDA, MSFT, AVGO, AMZN, JPM |
| Q2 2025Amended | 181 | $350.5M | NVDA, MSFT, AMZN, AVGO, JPM |
| Q1 2025 | 0 | $0 | |
| Q4 2024 | 0 | $0 | |
| Q3 2024 | 0 | $0 | |
| Q2 2024 | 0 | $0 |