Fulcrum Capital LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 22, 2024), Fulcrum Capital LLC reported 108 stock positions worth $439.2 million. Its top holding was Vngrd Mrngstr MD-Cap ETF-Usd (VO) at 9.5% of the portfolio, followed by Microsoft (MSFT, 7.5%) and Apple (AAPL, 5.1%). Compared with Q1 2024, it opened 3 new positions, sold out of 11, added to 39 and reduced 17. The biggest buy was Alphabet Class C (GOOG, shares +1131%) and the biggest sale an exit from Alphabet Class A (GOOGL).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0001724090
Portfolio Value
$439.2M (Q2 2024)
SEC Filing
0001724090-24-000004 ↗ filed Jul 22, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $421.4M Q1 2024 Q2 2024: $439.2M $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 108 stocks · $439.2M
VO Vngrd Mrngstr MD-Cap ETF-Usd 9.50% 172,252 $41.7M Add +3.0%
MSFT Microsoft Corp. 7.50% 73,684 $32.9M Add +3.3%
AAPL Apple Inc. 5.13% 107,031 $22.5M Reduce -3.4%
NVDA Nvidia Corp. 5.10% 181,133 $22.4M Reduce -1.3%
GOOG Alphabet Inc. Class C 4.79% 115,420 $21.0M Add +1130.9%
AMZN Amazon.com Inc. 3.98% 90,480 $17.5M Add +1.3%
IVV iShares Core S&P 500 ETF 3.38% 27,127 $14.8M Reduce -0.3%
TT Trane Technologies PLC 3.26% 43,465 $14.3M Reduce -0.2%
ADBE Adobe Inc. 3.11% 24,550 $13.6M Add +3.8%
MA Mastercard Inc. Class A 2.95% 29,380 $13.0M Add +1.1%
EW Edwards Lifesciences Corp. 2.39% 113,838 $10.5M Add +0.2%
JPM JPMorgan Chase & Co. 2.39% 51,853 $10.5M Reduce -2.0%
WM Waste Management Inc. 2.30% 47,382 $10.1M Add +1.0%
UNH Unitedhealth Group Inc. 2.24% 19,296 $9.8M Add +2.7%
SPGI S&P Global Inc. 2.20% 21,645 $9.7M Add +2.0%
CME Cme Group Inc. 1.95% 43,653 $8.6M Add +3.5%
ZTS Zoetis Inc. 1.92% 48,601 $8.4M Add +5.6%
INTU Intuit Inc. 1.91% 12,734 $8.4M Add +1.5%
PEP Pepsico Inc. 1.85% 49,277 $8.1M Add +0.1%
NFLX Netflix Inc. 1.85% 12,039 $8.1M Add +0.2%
FSLR First Solar Inc. 1.78% 34,579 $7.8M Reduce -3.2%
XYL Xylem Inc. 1.72% 55,558 $7.5M Reduce -0.6%
FTNT Fortinet Inc. 1.69% 123,144 $7.4M New
VRTX Vertex Pharmaceuticals Inc. 1.64% 15,396 $7.2M Add +1.3%
HSY The Hershey Co. 1.60% 38,202 $7.0M Add +0.8%
DHI D.R. Horton Inc. 1.42% 44,387 $6.3M Add +2.8%
EA Electronic Arts Inc. 1.38% 43,488 $6.1M Add +4.3%
LIN Linde PLC 1.37% 13,682 $6.0M Add +1.1%
FANG Diamondback Energy Inc. 1.28% 28,170 $5.6M New
EOG EOG Resources Inc. 1.25% 43,762 $5.5M Reduce -0.8%
ULTA Ulta Beauty Inc. 1.21% 13,745 $5.3M Add +14.1%
ABT Abbott Laboratories 1.02% 42,946 $4.5M Add +3.7%
XBI SS SPDR S&P Biotech ETF 1.00% 47,527 $4.4M Add +3.9%
PYPL PayPal Holdings Inc. 0.76% 57,445 $3.3M Reduce -9.0%
AMGN Amgen Inc. 0.72% 10,065 $3.1M Add +4.1%
WST West Pharmaceutical Services 0.60% 7,962 $2.6M Add +5.1%
HUM Humana Inc. 0.58% 6,814 $2.5M Add +19.0%
TSLA Tesla Inc. 0.57% 12,751 $2.5M Add +9.4%
ALGN Align Technology Inc. 0.46% 8,440 $2.0M Add +2.9%
IWR iShares Russell Mid-Cap ETF 0.43% 23,209 $1.9M No change
ECL Ecolab Inc. 0.37% 6,811 $1.6M Add +0.9%
V Visa Inc. Class A 0.36% 6,096 $1.6M No change
COST Costco Wholesale Corp. 0.36% 1,858 $1.6M Reduce -13.2%
VYM Vanguard High DVD Yield ETF 0.29% 10,765 $1.3M No change
XLV SS Health Care Select Sector 0.29% 8,700 $1.3M No change
VZ Verizon Communications Inc. 0.28% 30,221 $1.2M Add +7.4%
BRK.B Berkshire Hathaway Inc. Class B 0.26% 2,770 $1.1M No change
CVLC Calvert US L-C CR Resp Index 0.24% 15,369 $1.0M Add +253.1%
WELL Welltower Inc. 0.17% 7,088 $739K Add +3.7%
HD Home Depot Inc. 0.16% 2,091 $720K No change
QCOM Qualcomm Inc. 0.16% 3,420 $681K Reduce -4.5%
AWK American Water Works Co. Inc. 0.14% 4,923 $636K Add +11.3%
TMUS T-Mobile US Inc. 0.14% 3,550 $625K No change
AMT American Tower Corp. 0.14% 3,210 $624K Reduce -8.6%
SCHD Schwab US DVD Equity ETF 0.14% 7,925 $616K No change
SYK Stryker Corp. 0.14% 1,810 $616K No change
DHR Danaher Corp. 0.13% 2,230 $557K No change
AES AES Corp. 0.12% 31,034 $545K Add +5.5%
IWB iShares Russell 1000 ETF 0.12% 1,814 $540K Add +89.5%
JNJ Johnson & Johnson 0.12% 3,602 $526K No change
WSM Williams-Sonoma Inc. 0.12% 1,860 $525K No change
ESGD iShares Trust iShares ESG Aw 0.12% 6,602 $520K Reduce -5.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.12% 930 $506K No change
VDC Vanguard Consumer Staple ETF 0.11% 2,420 $491K No change
LAMR Lamar Advertising Co. Class A 0.11% 4,082 $488K No change
CRM Salesforce Inc. 0.11% 1,883 $484K No change
MAR Marriott International Class A 0.11% 2,000 $484K No change
ATO Atmos Energy Corp. 0.11% 4,100 $478K No change
AVGO Broadcom Inc. 0.11% 290 $466K Reduce -22.3%
PG The Procter & Gamble Co. 0.11% 2,803 $462K No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.10% 4,500 $440K Reduce -1.6%
VTI VG Morningstar TS MKT ETF-US 0.10% 1,624 $434K Reduce -10.4%
TMO Thermo Fisher Scientific Inc. 0.10% 760 $420K No change
ROP Roper Technologies Inc. 0.09% 738 $416K No change
KO The Coca-Cola Co. 0.09% 6,500 $414K No change
IDXX Idexx Laboratories Inc. 0.09% 775 $378K No change
NOW ServiceNow Inc. 0.08% 465 $366K No change
PH Parker Hannifin Corp. 0.08% 709 $359K No change
PEG Public Service Enterprise GP 0.08% 4,809 $354K No change
COP Conocophillips 0.08% 3,020 $345K Add +11.7%
ABBV Abbvie Inc. 0.08% 1,979 $339K No change
EPD Enterprise Products Partners 0.08% 11,703 $339K No change
ARES Ares Management Corp. Class A 0.08% 2,496 $333K No change
ORI Old Republic Intl Corp. 0.07% 10,228 $316K No change
TXN Texas Instruments Inc. 0.07% 1,570 $305K Add +9.8%
VPU Vanguard Utilities ETF 0.07% 2,050 $303K No change
BDX Becton Dickinson and Co. 0.07% 1,275 $298K No change
CSCO Cisco Systems Inc. 0.07% 6,200 $295K No change
CNI Canadian Natl Railway Co. 0.07% 2,460 $291K No change
UL Unilever PLC 0.07% 5,220 $287K No change
WSO Watsco Inc. 0.07% 619 $287K No change
PCAR Paccar Inc. 0.06% 2,765 $285K Reduce -48.0%
MS Morgan Stanley 0.06% 2,921 $284K No change
CMI Cummins Inc. 0.06% 1,002 $277K No change
ALSN Allison Transmission Holding 0.06% 3,600 $273K New
PAYX Paychex Inc. 0.06% 2,246 $266K Add +9.1%
LTC LTC Properties Inc. filed as LTC PPTYS INC 0.06% 7,400 $255K No change
TGT Target Corp. 0.06% 1,659 $246K No change
OKE Oneok Inc. 0.06% 3,000 $245K No change
SNA Snap-on Inc. 0.05% 893 $233K No change

Show all 108 holdings

Portfolio Sells Q1 2024 → Q2 2024
GOOGL Alphabet Inc. Class A Sold out 0.00% −3.91
PXD Pioneer Natural Resources Co. Sold out 0.00% −1.43
BLK BlackRock Finance Inc. Sold out 0.00% −1.33
BBY Best Buy Co. Inc. Sold out 0.00% −0.76
PYPL PayPal Holdings Inc. Reduce -9.0% 0.76% −0.24
JPM JPMorgan Chase & Co. Reduce -2.0% 2.39% −0.13
PCAR Paccar Inc. Reduce -48.0% 0.06% −0.09
EOG EOG Resources Inc. Reduce -0.8% 1.25% −0.08
CVS CVS Health Corp. Sold out 0.00% −0.08
FFIV F5 Inc. Sold out 0.00% −0.06
UPS United Parcel Service Class B Sold out 0.00% −0.06
INTC Intel Corp. Sold out 0.00% −0.05
PAYC Paycom Software Inc. Sold out 0.00% −0.05
LW Lamb Weston Holdings Inc. Sold out 0.00% −0.05
SBUX Starbucks Corp. Sold out 0.00% −0.05
AMT American Tower Corp. Reduce -8.6% 0.14% −0.02
IVV iShares Core S&P 500 ETF Reduce -0.3% 3.38% −0.02
ESGD iShares Trust iShares ESG Aw Reduce -5.8% 0.12% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -10.4% 0.10% −0.01
COST Costco Wholesale Corp. Reduce -13.2% 0.36% −0.01
AVGO Broadcom Inc. Reduce -22.3% 0.11% −0.01
XYL Xylem Inc. Reduce -0.6% 1.72% +0.00
TTD Trade Desk Inc./the Class A Reduce -1.6% 0.10% +0.01
QCOM Qualcomm Inc. Reduce -4.5% 0.16% +0.01
TT Trane Technologies PLC Reduce -0.2% 3.26% +0.15
FSLR First Solar Inc. Reduce -3.2% 1.78% +0.34
AAPL Apple Inc. Reduce -3.4% 5.13% +0.62
NVDA Nvidia Corp. Reduce -1.3% 5.10% +1.16

Portfolio Buys Q1 2024 → Q2 2024
GOOG Alphabet Inc. Class C Add +1130.9% 4.79% +4.45
FTNT Fortinet Inc. New 1.69% +1.69
FANG Diamondback Energy Inc. New 1.28% +1.28
MSFT Microsoft Corp. Add +3.3% 7.50% +0.37
ADBE Adobe Inc. Add +3.8% 3.11% +0.27
CVLC Calvert US L-C CR Resp Index Add +253.1% 0.24% +0.17
AMZN Amazon.com Inc. Add +1.3% 3.98% +0.16
VRTX Vertex Pharmaceuticals Inc. Add +1.3% 1.64% +0.14
NFLX Netflix Inc. Add +0.2% 1.85% +0.12
HUM Humana Inc. Add +19.0% 0.58% +0.11
TSLA Tesla Inc. Add +9.4% 0.57% +0.09
ZTS Zoetis Inc. Add +5.6% 1.92% +0.07
EA Electronic Arts Inc. Add +4.3% 1.38% +0.07
AMGN Amgen Inc. Add +4.1% 0.72% +0.06
ALSN Allison Transmission Holding New 0.06% +0.06
IWB iShares Russell 1000 ETF Add +89.5% 0.12% +0.06
SPGI S&P Global Inc. Add +2.0% 2.20% +0.06
UNH Unitedhealth Group Inc. Add +2.7% 2.24% +0.03
WELL Welltower Inc. Add +3.7% 0.17% +0.02
AWK American Water Works Co. Inc. Add +11.3% 0.14% +0.02
TXN Texas Instruments Inc. Add +9.8% 0.07% +0.01
VZ Verizon Communications Inc. Add +7.4% 0.28% +0.00
MPT Medical Properties Trust Inc. Add +17.3% 0.05% +0.00
PAYX Paychex Inc. Add +9.1% 0.06% +0.00
ECL Ecolab Inc. Add +0.9% 0.37% −0.00
AES AES Corp. Add +5.5% 0.12% −0.00
COP Conocophillips Add +11.7% 0.08% −0.00
XBI SS SPDR S&P Biotech ETF Add +3.9% 1.00% −0.03
INTU Intuit Inc. Add +1.5% 1.91% −0.03
WM Waste Management Inc. Add +1.0% 2.30% −0.07
ABT Abbott Laboratories Add +3.7% 1.02% −0.10
WST West Pharmaceutical Services Add +5.1% 0.60% −0.11
LIN Linde PLC Add +1.1% 1.37% −0.12
HSY The Hershey Co. Add +0.8% 1.60% −0.15
ALGN Align Technology Inc. Add +2.9% 0.46% −0.17
EW Edwards Lifesciences Corp. Add +0.2% 2.39% −0.18
PEP Pepsico Inc. Add +0.1% 1.85% −0.19
CME Cme Group Inc. Add +3.5% 1.95% −0.20
DHI D.R. Horton Inc. Add +2.8% 1.42% −0.26
ULTA Ulta Beauty Inc. Add +14.1% 1.21% −0.29
MA Mastercard Inc. Class A Add +1.1% 2.95% −0.37
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +3.0% 9.50% −0.42

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