Fulcrum Capital LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 17, 2024), Fulcrum Capital LLC reported 116 stock positions worth $421.4 million. Its top holding was Vngrd Mrngstr MD-Cap ETF-Usd (VO) at 9.9% of the portfolio, followed by Microsoft (MSFT, 7.1%) and Apple (AAPL, 4.5%). Compared with Q4 2023, it opened 3 new positions, sold out of 6, added to 51 and reduced 21. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale an exit from iShares Core MSCI Eafe ETF (IEFA).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0001724090
Portfolio Value
$421.4M (Q1 2024)
SEC Filing
0001724090-24-000003 ↗ filed Apr 17, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $421.4M $421.4M Q1 2024 Q2 2024: $439.2M Q2 2024 Q3 2024: $459.1M Q3 2024 Q4 2024: $477.6M Q4 2024 Q1 2025: $451.1M Q1 2025 Q2 2025: $472.8M Q2 2025 Q3 2025: $487.7M Q3 2025 Q4 2025: $498.0M Q4 2025 Q1 2026: $460.6M Q1 2026 Q2 2026: $492.9M Q2 2026

Holdings 116 stocks · $421.4M
VO Vngrd Mrngstr MD-Cap ETF-Usd 9.92% 167,249 $41.8M Add +4.0%
MSFT Microsoft Corp. 7.12% 71,354 $30.0M Add +0.9%
AAPL Apple Inc. 4.51% 110,791 $19.0M Add +1.9%
NVDA Nvidia Corp. 3.94% 18,351 $16.6M Add +0.7%
GOOGL Alphabet Inc. Class A 3.91% 109,025 $16.5M Add +8.6%
AMZN Amazon.com Inc. 3.83% 89,360 $16.1M Add +2.7%
IVV iShares Core S&P 500 ETF 3.40% 27,220 $14.3M Add +2.2%
MA Mastercard Inc. Class A 3.32% 29,076 $14.0M Reduce -1.3%
TT Trane Technologies PLC 3.10% 43,550 $13.1M Add +2.0%
ADBE Adobe Inc. 2.83% 23,662 $11.9M Add +3.5%
EW Edwards Lifesciences Corp. 2.58% 113,571 $10.9M Add +0.4%
JPM JPMorgan Chase & Co. 2.51% 52,889 $10.6M Reduce -1.9%
WM Waste Management Inc. 2.37% 46,903 $10.0M Add +0.1%
UNH Unitedhealth Group Inc. 2.20% 18,781 $9.3M Add +12.5%
CME Cme Group Inc. 2.16% 42,184 $9.1M Add +7.4%
SPGI S&P Global Inc. 2.14% 21,210 $9.0M Add +2.9%
PEP Pepsico Inc. 2.04% 49,207 $8.6M Add +0.6%
INTU Intuit Inc. 1.94% 12,548 $8.2M Reduce -0.9%
ZTS Zoetis Inc. 1.85% 46,019 $7.8M Add +1.6%
HSY The Hershey Co. 1.75% 37,901 $7.4M Add +1.6%
NFLX Netflix Inc. 1.73% 12,020 $7.3M Reduce -21.7%
XYL Xylem Inc. 1.71% 55,863 $7.2M Add +1.6%
DHI D.R. Horton Inc. 1.69% 43,185 $7.1M Reduce -16.5%
VRTX Vertex Pharmaceuticals Inc. 1.51% 15,194 $6.4M Add +0.8%
ULTA Ulta Beauty Inc. 1.49% 12,047 $6.3M Add +0.3%
LIN Linde PLC 1.49% 13,530 $6.3M Reduce -0.2%
FSLR First Solar Inc. 1.43% 35,738 $6.0M Add +7.2%
PXD Pioneer Natural Resources Co. 1.43% 22,954 $6.0M Add +1.5%
EOG EOG Resources Inc. 1.34% 44,136 $5.6M Add +1.6%
BLK BlackRock Finance Inc. 1.33% 6,701 $5.6M Add +0.4%
EA Electronic Arts Inc. 1.31% 41,677 $5.5M Add +5.3%
ABT Abbott Laboratories 1.12% 41,397 $4.7M Add +2.5%
XBI SS SPDR S&P Biotech ETF 1.03% 45,727 $4.3M Reduce -0.8%
PYPL PayPal Holdings Inc. 1.00% 63,108 $4.2M Reduce -2.0%
BBY Best Buy Co. Inc. 0.76% 38,978 $3.2M Add +2.7%
WST West Pharmaceutical Services 0.71% 7,575 $3.0M Add +10.1%
AMGN Amgen Inc. 0.65% 9,666 $2.7M Add +2.4%
ALGN Align Technology Inc. 0.64% 8,206 $2.7M Add +2.4%
TSLA Tesla Inc. 0.49% 11,653 $2.0M Add +2.8%
HUM Humana Inc. 0.47% 5,727 $2.0M Add +34.2%
IWR iShares Russell Mid-Cap ETF 0.46% 23,209 $2.0M No change
V Visa Inc. Class A 0.40% 6,096 $1.7M Add +1.6%
COST Costco Wholesale Corp. 0.37% 2,141 $1.6M Add +10.3%
ECL Ecolab Inc. 0.37% 6,747 $1.6M Add +0.2%
GOOG Alphabet Inc. Class C 0.34% 9,377 $1.4M Reduce -3.1%
VYM Vanguard High DVD Yield ETF 0.31% 10,765 $1.3M No change
XLV SS Health Care Select Sector 0.30% 8,700 $1.3M Reduce -0.4%
VZ Verizon Communications Inc. 0.28% 28,133 $1.2M Add +3.3%
BRK.B Berkshire Hathaway Inc. Class B 0.28% 2,770 $1.2M No change
HD Home Depot Inc. 0.19% 2,091 $802K Reduce -1.2%
AMT American Tower Corp. 0.16% 3,510 $694K No change
PCAR Paccar Inc. 0.16% 5,315 $658K No change
SYK Stryker Corp. 0.15% 1,810 $648K No change
SCHD Schwab US DVD Equity ETF 0.15% 7,925 $639K No change
WELL Welltower Inc. 0.15% 6,836 $639K Add +2.3%
QCOM Qualcomm Inc. 0.14% 3,581 $606K No change
WSM Williams-Sonoma Inc. 0.14% 1,860 $591K No change
TMUS T-Mobile US Inc. 0.14% 3,550 $579K No change
JNJ Johnson & Johnson 0.14% 3,602 $570K Add +3.7%
CRM Salesforce Inc. 0.13% 1,883 $567K Reduce -8.6%
ESGD iShares Trust iShares ESG Aw 0.13% 7,006 $560K Reduce -10.0%
DHR Danaher Corp. 0.13% 2,230 $557K No change
AWK American Water Works Co. Inc. 0.13% 4,424 $541K Add +6.3%
AES AES Corp. 0.13% 29,405 $527K Add +7.9%
MAR Marriott International Class A 0.12% 2,000 $505K No change
AVGO Broadcom Inc. 0.12% 373 $494K Reduce -14.7%
VDC Vanguard Consumer Staple ETF 0.12% 2,420 $494K No change
LAMR Lamar Advertising Co. Class A 0.12% 4,082 $487K No change
ATO Atmos Energy Corp. 0.12% 4,100 $487K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.12% 930 $486K No change
VTI VG Morningstar TS MKT ETF-US 0.11% 1,812 $471K Add +13.3%
PG The Procter & Gamble Co. 0.11% 2,803 $455K No change
TMO Thermo Fisher Scientific Inc. 0.10% 760 $442K No change
IDXX Idexx Laboratories Inc. 0.10% 775 $418K No change
ROP Roper Technologies Inc. 0.10% 738 $414K Add +23.0%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.09% 4,571 $400K Add +1.6%
KO The Coca-Cola Co. 0.09% 6,500 $398K No change
PH Parker Hannifin Corp. 0.09% 709 $394K Reduce -29.4%
ABBV Abbvie Inc. 0.09% 1,979 $360K No change
NOW ServiceNow Inc. 0.08% 465 $355K No change
COP Conocophillips 0.08% 2,705 $344K No change
EPD Enterprise Products Partners 0.08% 11,703 $341K No change
ARES Ares Management Corp. Class A 0.08% 2,496 $332K Reduce -4.9%
CNI Canadian Natl Railway Co. 0.08% 2,460 $324K No change
PEG Public Service Enterprise GP 0.08% 4,809 $321K Add +5.2%
CVS CVS Health Corp. 0.08% 4,000 $319K No change
BDX Becton Dickinson and Co. 0.07% 1,275 $315K Add +27.5%
ORI Old Republic Intl Corp. 0.07% 10,228 $314K No change
CSCO Cisco Systems Inc. 0.07% 6,200 $309K Reduce -32.6%
CMI Cummins Inc. 0.07% 1,002 $295K No change
TGT Target Corp. 0.07% 1,659 $294K New
VPU Vanguard Utilities ETF 0.07% 2,050 $292K No change
CVLC Calvert US L-C CR Resp Index 0.07% 4,353 $286K New
NKE Nike Inc. Class B 0.07% 2,940 $276K No change
IWB iShares Russell 1000 ETF 0.07% 957 $276K No change
MS Morgan Stanley 0.07% 2,921 $275K No change
WSO Watsco Inc. 0.06% 619 $267K No change
SNA Snap-on Inc. 0.06% 893 $265K No change
UL Unilever PLC 0.06% 5,220 $262K Add +8.2%
FFIV F5 Inc. 0.06% 1,359 $258K Reduce -10.5%
PAYX Paychex Inc. 0.06% 2,058 $253K Add +9.6%
TXN Texas Instruments Inc. 0.06% 1,430 $249K No change
DRI Darden Restaurants Inc. 0.06% 1,475 $247K New
UPS United Parcel Service Class B 0.06% 1,622 $241K Add +17.3%
LTC LTC Properties Inc. filed as LTC PPTYS INC 0.06% 7,400 $241K No change
OKE Oneok Inc. 0.06% 3,000 $241K No change
RMD Resmed Inc. 0.06% 1,200 $238K Reduce -18.3%
CMCSA Comcast Corp. Class A 0.06% 5,377 $233K No change
WTRG Essential Utilities Inc. 0.06% 6,250 $232K No change
INTC Intel Corp. 0.05% 5,200 $230K No change
MRK Merck & Co. Inc. 0.05% 1,710 $226K Reduce -40.2%
PAYC Paycom Software Inc. 0.05% 1,099 $219K Add +1.3%
LW Lamb Weston Holdings Inc. 0.05% 2,000 $213K No change
SBUX Starbucks Corp. 0.05% 2,284 $209K Reduce -60.5%
KNOW LABS INC 0.05% 313,335 $197K Add +2249.7%
MPT Medical Properties Trust Inc. 0.04% 39,400 $185K Add +25.1%

Portfolio Sells Q4 2023 → Q1 2024
IEFA iShares Core MSCI Eafe ETF Sold out 0.00% −0.35
DHI D.R. Horton Inc. Reduce -16.5% 1.69% −0.35
NFLX Netflix Inc. Reduce -21.7% 1.73% −0.20
INTU Intuit Inc. Reduce -0.9% 1.94% −0.11
SBUX Starbucks Corp. Reduce -60.5% 0.05% −0.09
BALL Ball Corp. Sold out 0.00% −0.07
OMC Omnicom Group Sold out 0.00% −0.06
KDP Keurig Dr Pepper Inc. Sold out 0.00% −0.06
LULU Lululemon Athletica Inc. Sold out 0.00% −0.05
IWF iShares Russell 1000 Growth Sold out 0.00% −0.05
CSCO Cisco Systems Inc. Reduce -32.6% 0.07% −0.05
XBI SS SPDR S&P Biotech ETF Reduce -0.8% 1.03% −0.03
MRK Merck & Co. Inc. Reduce -40.2% 0.05% −0.03
PH Parker Hannifin Corp. Reduce -29.4% 0.09% −0.03
PYPL PayPal Holdings Inc. Reduce -2.0% 1.00% −0.02
ESGD iShares Trust iShares ESG Aw Reduce -10.0% 0.13% −0.02
GOOG Alphabet Inc. Class C Reduce -3.1% 0.34% −0.01
FFIV F5 Inc. Reduce -10.5% 0.06% −0.01
RMD Resmed Inc. Reduce -18.3% 0.06% −0.01
AVGO Broadcom Inc. Reduce -14.7% 0.12% −0.01
CRM Salesforce Inc. Reduce -8.6% 0.13% −0.01
XLV SS Health Care Select Sector Reduce -0.4% 0.30% −0.00
ARES Ares Management Corp. Class A Reduce -4.9% 0.08% −0.00
HD Home Depot Inc. Reduce -1.2% 0.19% +0.00
LIN Linde PLC Reduce -0.2% 1.49% +0.05
MA Mastercard Inc. Class A Reduce -1.3% 3.32% +0.08
JPM JPMorgan Chase & Co. Reduce -1.9% 2.51% +0.14

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +0.7% 3.94% +1.60
TT Trane Technologies PLC Add +2.0% 3.10% +0.41
AMZN Amazon.com Inc. Add +2.7% 3.83% +0.41
EW Edwards Lifesciences Corp. Add +0.4% 2.58% +0.35
GOOGL Alphabet Inc. Class A Add +8.6% 3.91% +0.28
MSFT Microsoft Corp. Add +0.9% 7.12% +0.25
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +4.0% 9.92% +0.24
WM Waste Management Inc. Add +0.1% 2.37% +0.20
PXD Pioneer Natural Resources Co. Add +1.5% 1.43% +0.11
IVV iShares Core S&P 500 ETF Add +2.2% 3.40% +0.11
XYL Xylem Inc. Add +1.6% 1.71% +0.09
WST West Pharmaceutical Services Add +10.1% 0.71% +0.09
ALGN Align Technology Inc. Add +2.4% 0.64% +0.07
TGT Target Corp. New 0.07% +0.07
CVLC Calvert US L-C CR Resp Index New 0.07% +0.07
DRI Darden Restaurants Inc. New 0.06% +0.06
KNOW LABS INC Add +2249.7% 0.05% +0.05
COST Costco Wholesale Corp. Add +10.3% 0.37% +0.04
ECL Ecolab Inc. Add +0.2% 0.37% +0.02
CME Cme Group Inc. Add +7.4% 2.16% +0.02
VZ Verizon Communications Inc. Add +3.3% 0.28% +0.01
ROP Roper Technologies Inc. Add +23.0% 0.10% +0.01
VTI VG Morningstar TS MKT ETF-US Add +13.3% 0.11% +0.01
BDX Becton Dickinson and Co. Add +27.5% 0.07% +0.01
TTD Trade Desk Inc./the Class A Add +1.6% 0.09% +0.01
MPT Medical Properties Trust Inc. Add +25.1% 0.04% +0.00
PEG Public Service Enterprise GP Add +5.2% 0.08% +0.00
PAYX Paychex Inc. Add +9.6% 0.06% +0.00
UL Unilever PLC Add +8.2% 0.06% +0.00
UPS United Parcel Service Class B Add +17.3% 0.06% +0.00
V Visa Inc. Class A Add +1.6% 0.40% −0.00
WELL Welltower Inc. Add +2.3% 0.15% −0.00
JNJ Johnson & Johnson Add +3.7% 0.14% −0.01
PAYC Paycom Software Inc. Add +1.3% 0.05% −0.01
BBY Best Buy Co. Inc. Add +2.7% 0.76% −0.01
AES AES Corp. Add +7.9% 0.13% −0.01
AWK American Water Works Co. Inc. Add +6.3% 0.13% −0.01
EOG EOG Resources Inc. Add +1.6% 1.34% −0.02
ULTA Ulta Beauty Inc. Add +0.3% 1.49% −0.03
ABT Abbott Laboratories Add +2.5% 1.12% −0.03
HUM Humana Inc. Add +34.2% 0.47% −0.03
HSY The Hershey Co. Add +1.6% 1.75% −0.05
AMGN Amgen Inc. Add +2.4% 0.65% −0.05
FSLR First Solar Inc. Add +7.2% 1.43% −0.05
UNH Unitedhealth Group Inc. Add +12.5% 2.20% −0.07
BLK BlackRock Finance Inc. Add +0.4% 1.33% −0.07
VRTX Vertex Pharmaceuticals Inc. Add +0.8% 1.51% −0.08
EA Electronic Arts Inc. Add +5.3% 1.31% −0.09
PEP Pepsico Inc. Add +0.6% 2.04% −0.11
SPGI S&P Global Inc. Add +2.9% 2.14% −0.21

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 103$492.9MVO, LRCX, MSFT, AAPL, GOOGL
Q1 2026 101$460.6MVO, MSFT, AAPL, GOOGL, AMZN
Q4 2025 99$498.0MVO, MSFT, GOOGL, AAPL, AMZN
Q3 2025 100$487.7MMSFT, VO, AAPL, GOOGL, NVDA
Q2 2025 99$472.8MMSFT, VO, AMZN, NVDA, AAPL
Q1 2025 106$451.1MVO, AAPL, MSFT, AMZN, NVDA
Q4 2024 113$477.6MVO, AAPL, MSFT, NVDA, AMZN
Q3 2024 109$459.1MVO, MSFT, AAPL, NVDA, AMZN
Q2 2024 108$439.2MVO, MSFT, AAPL, NVDA, GOOG
Q1 2024 116$421.4MVO, MSFT, AAPL, NVDA, GOOGL