Fulcrum Capital LLC

Name: Fulcrum Capital LLC 13F holdings, Q2 2026
Creator: Fulcrum Capital LLC
Published: 2026-07-21

Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 21, 2026), Fulcrum Capital LLC reported 103 stock positions worth $492.9 million. Its top holding was Vngrd Mrngstr MD-Cap ETF-Usd (VO) at 8.2% of the portfolio, followed by Lam Research (LRCX, 6.3%) and Microsoft (MSFT, 6.1%). Compared with Q1 2026, it opened 8 new positions, sold out of 6, added to 4 and reduced 64. The biggest buy was a new position in Amphenol Class A (APH) and the biggest sale an exit from Zoetis (ZTS).

Most Recent 13F: Q2 2026
Location: SEATTLE, WA
CIK: 0001724090
Portfolio Value: $492.9M (Q2 2026)
SEC Filing: 0001724090-26-000004 ↗ filed Jul 21, 2026

Holdings Value

Holdings 103 stocks · $492.9M


VO Vngrd Mrngstr MD-Cap ETF-Usd	8.17%	500,094	$40.3M	Reduce -5.5%
LRCX Lam Research Corp.	6.26%	71,266	$30.9M	Reduce -6.7%
MSFT Microsoft Corp.	6.10%	80,597	$30.1M	Reduce -3.3%
AAPL Apple Inc.	5.64%	96,103	$27.8M	Reduce -3.5%
GOOGL Alphabet Inc. Class A	5.51%	75,937	$27.1M	Reduce -5.6%
FTNT Fortinet Inc.	5.15%	165,206	$25.4M	Reduce -5.4%
AMZN Amazon.com Inc.	4.99%	103,117	$24.6M	Reduce -4.6%
NVDA Nvidia Corp.	4.83%	119,069	$23.8M	Reduce -4.6%
TT Trane Technologies PLC	3.52%	35,345	$17.4M	Reduce -4.2%
MA Mastercard Inc. Class A	2.88%	27,611	$14.2M	Reduce -3.0%
JPM JPMorgan Chase & Co.	2.54%	38,230	$12.5M	Reduce -4.6%
EW Edwards Lifesciences Corp.	2.41%	131,371	$11.9M	Reduce -4.3%
WM Waste Management Inc.	2.15%	47,571	$10.6M	Reduce -3.0%
SPGI S&P Global Inc.	2.03%	24,600	$10.0M	Reduce -2.8%
UNH Unitedhealth Group Inc.	1.98%	23,494	$9.8M	Reduce -6.0%
NFLX Netflix Inc.	1.95%	134,950	$9.6M	Reduce -5.9%
CME Cme Group Inc.	1.83%	40,893	$9.0M	Reduce -5.2%
XBI SS SPDR S&P Biotech ETF	1.67%	52,163	$8.3M	Reduce -6.8%
VRTX Vertex Pharmaceuticals Inc.	1.61%	15,958	$7.9M	Reduce -3.3%
FSLR First Solar Inc.	1.58%	33,104	$7.8M	Reduce -4.3%
LIN Linde PLC	1.50%	14,244	$7.4M	Reduce -4.8%
ADBE Adobe Inc.	1.46%	35,054	$7.2M	Reduce -2.6%
XYL Xylem Inc.	1.41%	58,714	$6.9M	Reduce -0.8%
UBER Uber Technologies Inc.	1.40%	95,466	$6.9M	Reduce -3.5%
VUG Vanguard Mrngstar GR ETF-Sui	1.28%	73,069	$6.3M	Reduce -2.0%
PEP Pepsico Inc.	1.25%	45,590	$6.2M	Reduce -3.8%
JQUA JPMorgan US Quality Factor	1.15%	78,266	$5.7M	Add +2.5%
ULTA Ulta Beauty Inc.	1.12%	12,220	$5.5M	Reduce -1.3%
DHI D.R. Horton Inc.	0.94%	28,360	$4.6M	Reduce -39.4%
LLY Eli Lilly & Co.	0.91%	3,758	$4.5M	Reduce -1.3%
IVV iShares Core S&P 500 ETF	0.86%	5,678	$4.3M	Reduce -3.5%
EOG EOG Resources Inc.	0.85%	32,427	$4.2M	Reduce -17.5%
APH Amphenol Corp. Class A	0.73%	20,512	$3.6M	New
TMO Thermo Fisher Scientific Inc.	0.72%	7,086	$3.6M	New
INTU Intuit Inc.	0.70%	13,243	$3.5M	Reduce -13.4%
NOW ServiceNow Inc.	0.69%	34,251	$3.4M	New
ANET Arista Networks Inc.	0.68%	19,740	$3.4M	New
COIN Coinbase Global Inc. Class A	0.59%	20,048	$2.9M	New
DXCM Dexcom Inc.	0.59%	43,272	$2.9M	Reduce -3.3%
PINS Pinterest Inc. Class A	0.57%	132,858	$2.8M	Reduce -4.5%
CVLC Calvert US L-C CR Resp Index	0.52%	27,019	$2.6M	Reduce -1.3%
SPYM Ste STR SPDR PT S&P 500 ETF	0.45%	25,338	$2.2M	No change
AMGN Amgen Inc.	0.40%	5,476	$2.0M	Reduce -45.0%
VYM Vanguard High DVD Yield ETF	0.35%	10,765	$1.7M	No change
IWR iShares Russell Mid-Cap ETF	0.33%	14,713	$1.6M	Reduce -9.2%
ECL Ecolab Inc.	0.31%	5,458	$1.5M	Add +0.7%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.28%	75,291	$1.4M	Add +3.6%
COST Costco Wholesale Corp.	0.23%	1,186	$1.1M	No change
AWK American Water Works Co. Inc.	0.22%	8,203	$1.1M	Add +1.4%
JNJ Johnson & Johnson	0.21%	4,031	$1.0M	Reduce -7.9%
WELL Welltower Inc.	0.20%	4,328	$982K	Reduce -3.5%
IEFA iShares Core MSCI Eafe ETF	0.17%	8,520	$823K	Reduce -0.4%
GOOG Alphabet Inc. Class C	0.17%	2,326	$822K	Reduce -5.7%
MAR Marriott International Class A	0.15%	2,040	$756K	No change
SCHD Schwab US DVD Equity ETF	0.15%	22,885	$726K	No change
ATO Atmos Energy Corp.	0.14%	4,100	$706K	No change
SPY SS SPDR S&P 500 ETF Trust-US	0.14%	930	$694K	No change
V Visa Inc. Class A	0.13%	1,863	$639K	No change
KO The Coca-Cola Co.	0.13%	7,680	$624K	Reduce -0.3%
AVGO Broadcom Inc.	0.12%	1,594	$602K	Reduce -18.5%
LAMR Lamar Advertising Co. Class A	0.12%	3,704	$578K	Reduce -14.1%
SPG Simon Property Group Inc.	0.11%	2,512	$562K	Reduce -14.2%
VDC Vanguard Consumer Staple ETF	0.11%	2,420	$546K	No change
WCC Wesco International Inc.	0.10%	1,429	$494K	No change
CMI Cummins Inc.	0.10%	681	$486K	Reduce -25.7%
VTI VG Morningstar TS MKT ETF-US	0.10%	1,291	$478K	No change
XLV SS Health Care Select Sector	0.10%	3,000	$476K	No change
SBUX Starbucks Corp.	0.09%	4,498	$460K	No change
ABBV Abbvie Inc.	0.09%	1,824	$459K	Reduce -21.9%
IEMG iShares Core MSCI Emerging	0.09%	5,480	$454K	No change
MS Morgan Stanley	0.09%	2,131	$445K	Reduce -26.3%
ESGD iShares Trust iShares ESG Aw	0.09%	4,089	$420K	Reduce -17.3%
ALSN Allison Transmission Holding	0.08%	3,600	$406K	No change
QCOM Qualcomm Inc.	0.08%	2,194	$405K	Reduce -1.0%
VPU Vanguard Utilities ETF	0.08%	2,050	$401K	No change
IWB iShares Russell 1000 ETF	0.08%	957	$392K	No change
PM Philip Morris International	0.08%	2,078	$376K	Reduce -17.5%
CSCO Cisco Systems Inc.	0.08%	3,200	$376K	No change
PG The Procter & Gamble Co.	0.07%	2,491	$365K	Reduce -15.7%
CVS CVS Health Corp.	0.07%	3,285	$340K	Reduce -14.4%
PCAR Paccar Inc.	0.07%	2,787	$335K	No change
EPD Enterprise Products Partners	0.07%	8,911	$328K	Reduce -23.9%
ORI Old Republic Intl Corp.	0.06%	7,719	$316K	Reduce -24.5%
PEG Public Service Enterprise GP	0.06%	3,655	$297K	Reduce -24.0%
SNA Snap-on Inc.	0.06%	737	$297K	Reduce -17.5%
DRI Darden Restaurants Inc.	0.06%	1,420	$293K	Reduce -20.9%
COP Conocophillips	0.06%	2,642	$275K	Reduce -20.9%
UL Unilever PLC-Sponsored ADR	0.05%	4,441	$267K	Reduce -11.9%
PFE Pfizer Inc.	0.05%	11,000	$265K	No change
OKE Oneok Inc.	0.05%	3,000	$261K	No change
BRK.B Berkshire Hathaway Inc. Class B	0.05%	503	$252K	No change
TXN Texas Instruments Inc.	0.05%	839	$250K	Reduce -27.6%
GEV GE Vernova Inc.	0.05%	211	$248K	New
DKS Dick's Sporting Goods Inc.	0.05%	1,066	$242K	Reduce -22.1%
WTRG Essential Utilities Inc.	0.05%	6,250	$239K	No change
HD Home Depot Inc.	0.05%	659	$232K	Reduce -21.9%
MU Micron Technology Inc.	0.05%	201	$232K	New
EFA iShares MSCI Eafe ETF	0.05%	2,203	$229K	No change
META Meta Platforms Inc. Class A	0.04%	386	$217K	No change
WSO Watsco Inc.	0.04%	504	$210K	Reduce -27.1%

Show all 103 holdings

Portfolio Sells Q1 2026 → Q2 2026


ZTS Zoetis Inc.	Sold out	0.00%	−1.59
ABT Abbott Laboratories	Sold out	0.00%	−1.08
NFLX Netflix Inc.	Reduce -5.9%	1.95%	−1.04
CME Cme Group Inc.	Reduce -5.2%	1.83%	−0.93
INTU Intuit Inc.	Reduce -13.4%	0.70%	−0.73
MSFT Microsoft Corp.	Reduce -3.3%	6.10%	−0.60
PYPL PayPal Holdings Inc.	Sold out	0.00%	−0.52
DHI D.R. Horton Inc.	Reduce -39.4%	0.94%	−0.46
ADBE Adobe Inc.	Reduce -2.6%	1.46%	−0.44
EOG EOG Resources Inc.	Reduce -17.5%	0.85%	−0.38
AMGN Amgen Inc.	Reduce -45.0%	0.40%	−0.36
PEP Pepsico Inc.	Reduce -3.8%	1.25%	−0.35
SPGI S&P Global Inc.	Reduce -2.8%	2.03%	−0.30
WM Waste Management Inc.	Reduce -3.0%	2.15%	−0.30
ULTA Ulta Beauty Inc.	Reduce -1.3%	1.12%	−0.29
MA Mastercard Inc. Class A	Reduce -3.0%	2.88%	−0.21
UBER Uber Technologies Inc.	Reduce -3.5%	1.40%	−0.15
XYL Xylem Inc.	Reduce -0.8%	1.41%	−0.13
LIN Linde PLC	Reduce -4.8%	1.50%	−0.11
VO Vngrd Mrngstr MD-Cap ETF-Usd	Reduce -5.5%	8.17%	−0.08
PAYX Paychex Inc.	Sold out	0.00%	−0.05
ARES Ares Management Corp. Class A	Sold out	0.00%	−0.05
WMT Walmart Inc.	Sold out	0.00%	−0.05
COP Conocophillips	Reduce -20.9%	0.06%	−0.04
EPD Enterprise Products Partners	Reduce -23.9%	0.07%	−0.03
JNJ Johnson & Johnson	Reduce -7.9%	0.21%	−0.02
ORI Old Republic Intl Corp.	Reduce -24.5%	0.06%	−0.02
PEG Public Service Enterprise GP	Reduce -24.0%	0.06%	−0.02
JPM JPMorgan Chase & Co.	Reduce -4.6%	2.54%	−0.02
DXCM Dexcom Inc.	Reduce -3.3%	0.59%	−0.02
PG The Procter & Gamble Co.	Reduce -15.7%	0.07%	−0.02
ESGD iShares Trust iShares ESG Aw	Reduce -17.3%	0.09%	−0.02
ABBV Abbvie Inc.	Reduce -21.9%	0.09%	−0.02
DRI Darden Restaurants Inc.	Reduce -20.9%	0.06%	−0.02
PM Philip Morris International	Reduce -17.5%	0.08%	−0.01
HD Home Depot Inc.	Reduce -21.9%	0.05%	−0.01
MS Morgan Stanley	Reduce -26.3%	0.09%	−0.01
IWR iShares Russell Mid-Cap ETF	Reduce -9.2%	0.33%	−0.01
WSO Watsco Inc.	Reduce -27.1%	0.04%	−0.01
SNA Snap-on Inc.	Reduce -17.5%	0.06%	−0.01
DKS Dick's Sporting Goods Inc.	Reduce -22.1%	0.05%	−0.01
AVGO Broadcom Inc.	Reduce -18.5%	0.12%	−0.01
CMI Cummins Inc.	Reduce -25.7%	0.10%	−0.01
UL Unilever PLC-Sponsored ADR	Reduce -11.9%	0.05%	−0.01
SPG Simon Property Group Inc.	Reduce -14.2%	0.11%	−0.00
LAMR Lamar Advertising Co. Class A	Reduce -14.1%	0.12%	−0.00
IEFA iShares Core MSCI Eafe ETF	Reduce -0.4%	0.17%	−0.00
KO The Coca-Cola Co.	Reduce -0.3%	0.13%	−0.00
TXN Texas Instruments Inc.	Reduce -27.6%	0.05%	+0.00
WELL Welltower Inc.	Reduce -3.5%	0.20%	+0.01

Portfolio Buys Q1 2026 → Q2 2026


APH Amphenol Corp. Class A	New	0.73%	+0.73
TMO Thermo Fisher Scientific Inc.	New	0.72%	+0.72
NOW ServiceNow Inc.	New	0.69%	+0.69
ANET Arista Networks Inc.	New	0.68%	+0.68
COIN Coinbase Global Inc. Class A	New	0.59%	+0.59
JQUA JPMorgan US Quality Factor	Add +2.5%	1.15%	+0.13
GEV GE Vernova Inc.	New	0.05%	+0.05
MU Micron Technology Inc.	New	0.05%	+0.05
RHP Ryman Hospitality Properties	New	0.04%	+0.04
ECL Ecolab Inc.	Add +0.7%	0.31%	−0.00
AWK American Water Works Co. Inc.	Add +1.4%	0.22%	−0.02
TTD Trade Desk Inc./the Class A	Add +3.6%	0.28%	−0.08

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	103	$492.9M	VO, LRCX, MSFT, AAPL, GOOGL
Q1 2026	101	$460.6M	VO, MSFT, AAPL, GOOGL, AMZN
Q4 2025	99	$498.0M	VO, MSFT, GOOGL, AAPL, AMZN
Q3 2025	100	$487.7M	MSFT, VO, AAPL, GOOGL, NVDA
Q2 2025	99	$472.8M	MSFT, VO, AMZN, NVDA, AAPL
Q1 2025	106	$451.1M	VO, AAPL, MSFT, AMZN, NVDA
Q4 2024	113	$477.6M	VO, AAPL, MSFT, NVDA, AMZN
Q3 2024	109	$459.1M	VO, MSFT, AAPL, NVDA, AMZN
Q2 2024	108	$439.2M	VO, MSFT, AAPL, NVDA, GOOG
Q1 2024	116	$421.4M	VO, MSFT, AAPL, NVDA, GOOGL