Fulcrum Asset Management LLP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed November 24, 2025), Fulcrum Asset Management LLP reported 181 stock positions worth $350.5 million. Its top holding was Nvidia (NVDA) at 10.2% of the portfolio, followed by Microsoft (MSFT, 8.5%) and Amazon.com (AMZN, 5.1%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001353395
- Portfolio Value
- $350.5M (Q2 2025)
- SEC Filing
- 0001353395-25-000005 ↗ filed Nov 24, 2025
Holdings Value
Holdings 181 stocks · $350.5M
| NVDA Nvidia Corp. | 10.25% | 227,356 | $35.9M | — |
| MSFT Microsoft Corp. | 8.54% | 60,181 | $29.9M | — |
| AMZN Amazon.com Inc. | 5.06% | 80,753 | $17.7M | — |
| AVGO Broadcom Inc. | 4.49% | 57,038 | $15.7M | — |
| JPM JPMorgan Chase & Co. | 3.22% | 38,959 | $11.3M | — |
| V Visa Inc. Class A | 2.56% | 25,246 | $9.0M | — |
| RSG Republic Services Inc. | 2.41% | 34,284 | $8.5M | — |
| GOOGL Alphabet Inc. Class A | 2.39% | 47,473 | $8.4M | — |
| MA Mastercard Inc. Class A | 2.17% | 13,504 | $7.6M | — |
| BKR Baker Hughes Co. | 2.12% | 193,647 | $7.4M | — |
| GOOG Alphabet Inc. Class C | 2.06% | 40,660 | $7.2M | — |
| PGR Progressive Corp. | 1.65% | 21,653 | $5.8M | — |
| TRV The Travelers Cos Inc. | 1.42% | 18,620 | $5.0M | — |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.41% | 146,388 | $4.9M | — |
| FISV Fiserv Inc. | 1.32% | 26,877 | $4.6M | — |
| WCN Waste Connections Inc. | 1.28% | 24,015 | $4.5M | — |
| BSX Boston Scientific Corp. | 1.25% | 40,804 | $4.4M | — |
| WM Waste Management Inc. | 1.24% | 19,045 | $4.4M | — |
| AWK American Water Works Co. Inc. | 1.21% | 30,568 | $4.3M | — |
| UNH Unitedhealth Group Inc. | 1.16% | 13,079 | $4.1M | — |
| NEE Nextera Energy Inc. | 1.16% | 58,395 | $4.1M | — |
| ES Eversource Energy | 1.16% | 63,662 | $4.1M | — |
| PANW Palo Alto Networks Inc. | 1.14% | 19,513 | $4.0M | — |
| AME Ametek Inc. | 1.14% | 22,064 | $4.0M | — |
| IBKR Interactive Brokers Gro Class A | 1.07% | 67,872 | $3.8M | — |
| CMG Chipotle Mexican Grill Inc. | 1.07% | 66,753 | $3.7M | — |
| CI The Cigna Group | 1.04% | 11,026 | $3.6M | — |
| MU Micron Technology Inc. | 1.01% | 28,841 | $3.6M | — |
| ADSK Autodesk Inc. | 1.00% | 11,278 | $3.5M | — |
| SPGI S&P Global Inc. | 0.99% | 6,550 | $3.5M | — |
| CPAY Corpay Inc. | 0.98% | 10,402 | $3.5M | — |
| JNJ Johnson & Johnson | 0.98% | 22,413 | $3.4M | — |
| TMO Thermo Fisher Scientific Inc. | 0.96% | 8,261 | $3.3M | — |
| AEE Ameren Corporation | 0.85% | 30,996 | $3.0M | — |
| ELV Elevance Health Inc. | 0.83% | 7,510 | $2.9M | — |
| ED Consolidated Edison Inc. | 0.83% | 28,852 | $2.9M | — |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.77% | 57,149 | $2.7M | — |
| ARES Ares Management Corp. Class A | 0.76% | 15,282 | $2.6M | — |
| MS Morgan Stanley | 0.75% | 18,564 | $2.6M | — |
| TTWO Take-Two Interactive Softwre | 0.72% | 10,379 | $2.5M | — |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.71% | 7,774 | $2.5M | — |
| AMAT Applied Materials Inc. | 0.70% | 13,358 | $2.4M | — |
| ATR Aptargroup Inc. | 0.68% | 15,313 | $2.4M | — |
| CLH Clean Harbors Inc. | 0.67% | 10,226 | $2.4M | — |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.61% | 17,364 | $2.1M | — |
| WEX Wex Inc. | 0.61% | 14,453 | $2.1M | — |
| PEP Pepsico Inc. | 0.58% | 15,310 | $2.0M | — |
| CRM Salesforce Inc. | 0.55% | 7,124 | $1.9M | — |
| MRK Merck & Co. Inc. | 0.54% | 24,049 | $1.9M | — |
| AMD Advanced Micro Devices | 0.53% | 13,017 | $1.8M | — |
| SRE Sempra | 0.52% | 23,840 | $1.8M | — |
| DHI D.R. Horton Inc. | 0.50% | 13,651 | $1.8M | — |
| CNC Centene Corp. | 0.42% | 27,384 | $1.5M | — |
| LEN Lennar Corp. Class A | 0.39% | 12,462 | $1.4M | — |
| OKE Oneok Inc. | 0.39% | 16,654 | $1.4M | — |
| ADBE Adobe Inc. | 0.38% | 3,460 | $1.3M | — |
| TRGP Targa Resources Corp. | 0.37% | 7,524 | $1.3M | — |
| PNW Pinnacle West Capital | 0.35% | 13,704 | $1.2M | — |
| GFL GFL Environmental Inc.-Sub VT | 0.34% | 23,432 | $1.2M | — |
| INTU Intuit Inc. | 0.34% | 1,499 | $1.2M | — |
| CHD Church & Dwight Co. Inc. | 0.33% | 12,178 | $1.2M | — |
| MSCI MSCI Inc. | 0.33% | 1,978 | $1.1M | — |
| T AT&T Inc. | 0.31% | 38,005 | $1.1M | — |
| NOW ServiceNow Inc. | 0.31% | 1,058 | $1.1M | — |
| VZ Verizon Communications Inc. | 0.30% | 23,905 | $1.0M | — |
| PTC PTC Inc. | 0.29% | 5,946 | $1.0M | — |
| WMB Williams Cos Inc. | 0.29% | 16,172 | $1.0M | — |
| ENB Enbridge Inc. | 0.28% | 21,842 | $990K | — |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.28% | 157,474 | $983K | — |
| TOST Toast Inc. Class A | 0.27% | 21,752 | $963K | — |
| AEM Agnico Eagle Mines Ltd. | 0.26% | 7,686 | $914K | — |
| WFG West Fraser Timber Co. Ltd. | 0.25% | 11,900 | $873K | — |
| OII Oceaneering Intl Inc. | 0.24% | 41,146 | $853K | — |
| CCJ Cameco Corp. | 0.24% | 11,297 | $840K | — |
| ECL Ecolab Inc. | 0.24% | 3,116 | $840K | — |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.24% | 8,821 | $826K | — |
| MOH Molina Healthcare Inc. | 0.23% | 2,730 | $813K | — |
| AEP American Electric Power | 0.23% | 7,800 | $809K | — |
| TDW Tidewater Inc. | 0.23% | 17,473 | $806K | — |
| KGC Kinross Gold Corp. | 0.22% | 50,038 | $782K | — |
| LNT Alliant Energy Corp. | 0.22% | 12,500 | $756K | — |
| KMI Kinder Morgan Inc. | 0.21% | 25,293 | $744K | — |
| KLAC KLA Corp. | 0.21% | 827 | $741K | — |
| LRCX Lam Research Corp. | 0.21% | 7,405 | $721K | — |
| MPLX MPLX LP | 0.20% | 13,928 | $717K | — |
| TMUS T-Mobile US Inc. | 0.20% | 2,974 | $709K | — |
| ADP Automatic Data Processing | 0.20% | 2,273 | $701K | — |
| LOW Lowe's Cos Inc. | 0.20% | 3,126 | $694K | — |
| WEC WEC Energy Group Inc. | 0.20% | 6,567 | $684K | — |
| EVRG Evergy Inc. | 0.19% | 9,807 | $676K | — |
| AM Antero Midstream Corp. | 0.19% | 34,803 | $660K | — |
| PSA Public Storage | 0.19% | 2,238 | $657K | — |
| OKTA Okta Inc. | 0.18% | 6,451 | $645K | — |
| UNP Union Pacific Corp. | 0.17% | 2,644 | $608K | — |
| MRSH Marsh & McLennan Cos | 0.17% | 2,741 | $599K | — |
| PLD Prologis Inc. | 0.17% | 5,656 | $595K | — |
| NTNX Nutanix Inc. Class A | 0.17% | 7,673 | $587K | — |
| ALKT Alkami Technology Inc. | 0.16% | 18,869 | $569K | — |
| BMY Bristol-Myers Squibb Co. | 0.15% | 11,650 | $539K | — |
| PYPL PayPal Holdings Inc. | 0.15% | 7,177 | $533K | — |
| CME Cme Group Inc. | 0.15% | 1,894 | $522K | — |
| CWST Casella Waste Systems Inc. Class A | 0.14% | 4,349 | $502K | — |
| VERX Vertex Inc. Class A | 0.14% | 13,583 | $480K | — |
| IDXX Idexx Laboratories Inc. | 0.14% | 885 | $475K | — |
| NKE Nike Inc. Class B | 0.14% | 6,672 | $474K | — |
| CTVA Corteva Inc. | 0.13% | 6,191 | $461K | — |
| ZETA Zeta Global Holdings Corp. Class A | 0.13% | 29,718 | $460K | — |
| EPD Enterprise Products Partners | 0.13% | 14,289 | $443K | — |
| FCX Freeport-McMoran Inc. | 0.12% | 10,064 | $436K | — |
| ZTS Zoetis Inc. | 0.12% | 2,657 | $414K | — |
| CSX CSX Corp. | 0.12% | 12,694 | $414K | — |
| NXE Nexgen Energy Ltd. | 0.12% | 58,751 | $408K | — |
| NSC Norfolk Southern Corp. | 0.11% | 1,520 | $389K | — |
| FTNT Fortinet Inc. | 0.11% | 3,546 | $375K | — |
| PAA Plains All Amer Pipeline LP | 0.10% | 19,333 | $354K | — |
| APH Amphenol Corp. Class A | 0.10% | 3,544 | $350K | — |
| CNI Canadian Natl Railway Co. | 0.10% | 3,209 | $334K | — |
| VALE Vale SA-SP ADR | 0.09% | 33,835 | $329K | — |
| IAG Iamgold Corp. | 0.09% | 44,578 | $328K | — |
| CFLT Confluent Inc. Class A | 0.09% | 12,242 | $305K | — |
| HUM Humana Inc. | 0.08% | 1,206 | $295K | — |
| NTR Nutrien Ltd. | 0.08% | 5,018 | $292K | — |
| O Realty Income Corp. | 0.08% | 5,026 | $290K | — |
| ET Energy Transfer LP | 0.08% | 15,886 | $288K | — |
| ALL Allstate Corp. | 0.08% | 1,421 | $286K | — |
| PBA Pembina Pipeline Corp. | 0.08% | 7,432 | $279K | — |
| WDAY Workday Inc. Class A | 0.08% | 1,111 | $267K | — |
| WES Western Midstream Partners L | 0.08% | 6,884 | $266K | — |
| NEM Newmont Corp. | 0.06% | 3,811 | $222K | — |
| NVR NVR Inc. | 0.06% | 29 | $214K | — |
| NGD New Gold Inc. | 0.05% | 36,070 | $179K | — |
| GEL Genesis Energy L.P. | 0.05% | 10,137 | $175K | — |
| CXM Sprinklr Inc. Class A | 0.05% | 19,497 | $165K | — |
| UEC Uranium Energy Corp. | 0.05% | 23,384 | $159K | — |
| PHM Pultegroup Inc. | 0.04% | 1,466 | $155K | — |
| SEMR Semrush Holdings Inc. Class A | 0.04% | 16,386 | $148K | — |
| DNN Denison Mines Corp. | 0.04% | 79,869 | $146K | — |
| MCHP Microchip Technology Inc. | 0.04% | 2,071 | $146K | — |
| DLR Digital Realty Trust Inc. | 0.04% | 768 | $134K | — |
| KBH KB Home | 0.04% | 2,383 | $126K | — |
| BR Broadridge Financial Solutio | 0.04% | 506 | $123K | — |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.03% | 1,486 | $120K | — |
| DT Dynatrace Inc. | 0.03% | 2,101 | $116K | — |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.03% | 3,245 | $114K | — |
| MOS The Mosaic Co. | 0.03% | 3,011 | $110K | — |
| VOYA Voya Financial Inc. | 0.03% | 1,426 | $101K | — |
| IP International Paper Co. | 0.03% | 2,044 | $96K | — |
| AMT American Tower Corp. | 0.03% | 427 | $94K | — |
| LEU Centrus Energy Corp. Class A | 0.03% | 515 | $94K | — |
| EQIX Equinix Inc. | 0.03% | 114 | $91K | — |
| BAH Booz Allen Hamilton Holdings | 0.02% | 816 | $85K | — |
| AMH American Homes 4 Rent- A | 0.02% | 2,282 | $82K | — |
| TRNO Terreno Realty Corp. | 0.02% | 1,332 | $75K | — |
| INVH Invitation Homes Inc. | 0.02% | 2,274 | $75K | — |
| FR First Industrial Realty TR | 0.02% | 1,531 | $74K | — |
| EGP Eastgroup Properties Inc. | 0.02% | 434 | $73K | — |
| STAG Stag Industrial Inc. | 0.02% | 1,968 | $71K | — |
| UUUU Energy Fuels Inc. | 0.02% | 12,202 | $71K | — |
| NNN NNN REIT Inc. | 0.02% | 1,514 | $65K | — |
| TMHC Taylor Morrison Home Corp. | 0.02% | 1,004 | $62K | — |
| TOL Toll Brothers Inc. | 0.02% | 487 | $56K | — |
| EXR Extra Space Storage Inc. | 0.02% | 364 | $54K | — |
| LPX Louisiana-Pacific Corp. | 0.01% | 603 | $52K | — |
| CCI Crown Castle Inc. | 0.01% | 497 | $51K | — |
| MAA Mid-America Apartment Comm | 0.01% | 330 | $49K | — |
| REXR Rexford Industrial Realty Inc. | 0.01% | 1,370 | $49K | — |
| TPH Tri Pointe Homes Inc. | 0.01% | 1,308 | $42K | — |
| SBAC SBA Communications Corp. | 0.01% | 168 | $39K | — |
| AVB Avalonbay Communities Inc. | 0.01% | 189 | $38K | — |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 0.01% | 3,714 | $35K | — |
| ELS Equity Lifestyle Properties | 0.01% | 552 | $34K | — |
| CPT Camden Property Trust | 0.01% | 301 | $34K | — |
| UDR Udr Inc. | 0.01% | 801 | $33K | — |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.01% | 417 | $28K | — |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.01% | 211 | $27K | — |
| ESS Essex Property Trust Inc. | 0.01% | 88 | $25K | — |
| CUBE Cubesmart | 0.01% | 548 | $23K | — |
| MTH Meritage Homes Corp. | 0.01% | 311 | $21K | — |
| IRT Independence Realty Trust Inc. | 0.00% | 896 | $16K | — |
| LGIH Lgi Homes Inc. | 0.00% | 263 | $14K | — |
| NSA National Storage Affiliates | 0.00% | 380 | $12K | — |
Portfolio Sells Q2 2025
No earlier filing to compare with.
Portfolio Buys Q2 2025
No earlier filing to compare with.
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 |