Fulcrum Capital LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 22, 2024), Fulcrum Capital LLC reported 109 stock positions worth $459.1 million. Its top holding was Vngrd Mrngstr MD-Cap ETF-Usd (VO) at 10.1% of the portfolio, followed by Microsoft (MSFT, 6.9%) and Apple (AAPL, 5.6%). Compared with Q2 2024, it opened 6 new positions, sold out of 5, added to 26 and reduced 30. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale Alphabet Class C (GOOG, shares −92%).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0001724090
Portfolio Value
$459.1M (Q3 2024)
SEC Filing
0001724090-24-000007 ↗ filed Oct 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 Q2 2024 Q3 2024: $459.1M $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 109 stocks · $459.1M
VO Vngrd Mrngstr MD-Cap ETF-Usd 10.13% 176,325 $46.5M Add +2.4%
MSFT Microsoft Corp. 6.87% 73,262 $31.5M Reduce -0.6%
AAPL Apple Inc. 5.61% 110,619 $25.8M Add +3.4%
NVDA Nvidia Corp. 4.76% 179,847 $21.8M Reduce -0.7%
AMZN Amazon.com Inc. 4.06% 100,157 $18.7M Add +10.7%
GOOGL Alphabet Inc. Class A 3.86% 106,810 $17.7M New
TT Trane Technologies PLC 3.61% 42,591 $16.6M Reduce -2.0%
MA Mastercard Inc. Class A 3.17% 29,495 $14.6M Add +0.4%
ADBE Adobe Inc. 2.79% 24,710 $12.8M Add +0.7%
UNH Unitedhealth Group Inc. 2.47% 19,359 $11.3M Add +0.3%
SPGI S&P Global Inc. 2.38% 21,148 $10.9M Reduce -2.3%
JPM JPMorgan Chase & Co. 2.34% 50,939 $10.7M Reduce -1.8%
WM Waste Management Inc. 2.16% 47,690 $9.9M Add +0.7%
CME Cme Group Inc. 2.13% 44,331 $9.8M Add +1.6%
FTNT Fortinet Inc. 2.11% 125,205 $9.7M Add +1.7%
ZTS Zoetis Inc. 2.10% 49,243 $9.6M Add +1.3%
IVV iShares Core S&P 500 ETF 1.97% 15,660 $9.0M Reduce -42.3%
FSLR First Solar Inc. 1.87% 34,499 $8.6M Reduce -0.2%
NFLX Netflix Inc. 1.86% 12,027 $8.5M Reduce -0.1%
PEP Pepsico Inc. 1.83% 49,465 $8.4M Add +0.4%
DHI D.R. Horton Inc. 1.81% 43,619 $8.3M Reduce -1.7%
INTU Intuit Inc. 1.73% 12,806 $8.0M Add +0.6%
EW Edwards Lifesciences Corp. 1.69% 117,905 $7.8M Add +3.6%
XYL Xylem Inc. 1.63% 55,557 $7.5M Reduce 0.0%
HSY The Hershey Co. 1.60% 38,296 $7.3M Add +0.3%
VRTX Vertex Pharmaceuticals Inc. 1.56% 15,386 $7.2M Reduce -0.1%
ULTA Ulta Beauty Inc. 1.50% 17,699 $6.9M Add +28.8%
LIN Linde PLC 1.43% 13,764 $6.6M Add +0.6%
EA Electronic Arts Inc. 1.37% 43,906 $6.3M Add +1.0%
EOG EOG Resources Inc. 1.18% 43,940 $5.4M Add +0.4%
ABT Abbott Laboratories 1.08% 43,619 $5.0M Add +1.6%
FANG Diamondback Energy Inc. 1.06% 28,226 $4.9M Add +0.2%
XBI SS SPDR S&P Biotech ETF 1.04% 48,196 $4.8M Add +1.4%
PYPL PayPal Holdings Inc. 0.94% 55,381 $4.3M Reduce -3.6%
JQUA JPMorgan US Quality Factor 0.75% 60,857 $3.4M New
VUG Vanguard Mrngstar GR ETF-Sui 0.74% 8,876 $3.4M New
AMGN Amgen Inc. 0.70% 9,989 $3.2M Reduce -0.8%
WST West Pharmaceutical Services 0.53% 8,124 $2.4M Add +2.0%
ALGN Align Technology Inc. 0.48% 8,723 $2.2M Add +3.4%
HUM Humana Inc. 0.47% 6,769 $2.1M Reduce -0.7%
IWR iShares Russell Mid-Cap ETF 0.45% 23,209 $2.0M No change
ECL Ecolab Inc. 0.37% 6,683 $1.7M Reduce -1.9%
COST Costco Wholesale Corp. 0.36% 1,858 $1.6M No change
V Visa Inc. Class A 0.35% 5,889 $1.6M Reduce -3.4%
GOOG Alphabet Inc. Class C 0.33% 8,953 $1.5M Reduce -92.2%
VYM Vanguard High DVD Yield ETF 0.30% 10,765 $1.4M No change
VZ Verizon Communications Inc. 0.30% 30,221 $1.4M No change
XLV SS Health Care Select Sector 0.29% 8,700 $1.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.28% 2,770 $1.3M No change
CVLC Calvert US L-C CR Resp Index 0.24% 15,483 $1.1M Add +0.7%
HD Home Depot Inc. 0.18% 2,091 $847K No change
WELL Welltower Inc. 0.18% 6,368 $815K Reduce -10.2%
AWK American Water Works Co. Inc. 0.16% 4,923 $720K No change
TMUS T-Mobile US Inc. 0.15% 3,330 $687K Reduce -6.2%
SCHD Schwab US DVD Equity ETF 0.14% 7,665 $648K Reduce -3.3%
AES AES Corp. 0.14% 31,084 $624K Add +0.2%
DHR Danaher Corp. 0.14% 2,230 $620K No change
JNJ Johnson & Johnson 0.13% 3,698 $599K Add +2.7%
QCOM Qualcomm Inc. 0.13% 3,420 $582K No change
WSM Williams-Sonoma Inc. 0.13% 3,720 $576K No change
ATO Atmos Energy Corp. 0.12% 4,100 $569K No change
AMT American Tower Corp. 0.12% 2,385 $555K Reduce -25.7%
SYK Stryker Corp. 0.12% 1,515 $547K Reduce -16.3%
ESGD iShares Trust iShares ESG Aw 0.12% 6,482 $546K Reduce -1.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.12% 930 $534K No change
VDC Vanguard Consumer Staple ETF 0.12% 2,420 $529K No change
LAMR Lamar Advertising Co. Class A 0.11% 3,898 $521K Reduce -4.5%
AVGO Broadcom Inc. 0.11% 2,900 $500K No change
MAR Marriott International Class A 0.11% 2,000 $497K No change
PG The Procter & Gamble Co. 0.11% 2,803 $485K No change
TMO Thermo Fisher Scientific Inc. 0.10% 760 $470K No change
KO The Coca-Cola Co. 0.10% 6,500 $467K No change
VTI VG Morningstar TS MKT ETF-US 0.10% 1,624 $460K No change
PH Parker Hannifin Corp. 0.10% 709 $448K No change
PEG Public Service Enterprise GP 0.09% 4,809 $429K No change
NOW ServiceNow Inc. 0.09% 465 $416K No change
ROP Roper Technologies Inc. 0.09% 738 $411K No change
CRM Salesforce Inc. 0.09% 1,438 $394K Reduce -23.6%
ABBV Abbvie Inc. 0.09% 1,979 $391K No change
DFAC Dimensional US Core Equity 2 0.08% 11,065 $379K New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.08% 3,400 $373K Reduce -24.4%
ORI Old Republic Intl Corp. 0.08% 10,228 $362K No change
VPU Vanguard Utilities ETF 0.08% 2,050 $357K No change
ALSN Allison Transmission Holding 0.08% 3,600 $346K No change
ARES Ares Management Corp. Class A 0.07% 2,198 $343K Reduce -11.9%
EPD Enterprise Products Partners 0.07% 11,703 $341K No change
UL Unilever PLC 0.07% 5,220 $339K No change
CMI Cummins Inc. 0.07% 1,002 $324K No change
TXN Texas Instruments Inc. 0.07% 1,570 $324K No change
COP Conocophillips 0.07% 3,020 $318K No change
IDXX Idexx Laboratories Inc. 0.07% 615 $311K Reduce -20.6%
BDX Becton Dickinson and Co. 0.07% 1,275 $307K No change
MS Morgan Stanley 0.07% 2,921 $304K No change
WSO Watsco Inc. 0.07% 619 $304K No change
PAYX Paychex Inc. 0.07% 2,246 $301K No change
IWB iShares Russell 1000 ETF 0.07% 957 $301K Reduce -47.2%
CNI Canadian Natl Railway Co. 0.06% 2,460 $288K No change
OKE Oneok Inc. 0.06% 3,000 $273K No change
PCAR Paccar Inc. 0.06% 2,765 $273K No change
EXR Extra Space Storage Inc. 0.06% 1,487 $268K New
NKE Nike Inc. Class B 0.06% 2,940 $260K No change
SNA Snap-on Inc. 0.06% 893 $259K No change
TGT Target Corp. 0.06% 1,659 $259K No change
DRI Darden Restaurants Inc. 0.05% 1,475 $242K No change
WTRG Essential Utilities Inc. 0.05% 6,250 $241K No change
KDP Keurig Dr Pepper Inc. 0.05% 6,395 $240K New
CMCSA Comcast Corp. Class A 0.05% 5,377 $225K No change
MPT Medical Properties Trust Inc. 0.04% 27,700 $162K Reduce -40.0%
KNOW LABS INC 0.02% 313,335 $90K No change

Portfolio Sells Q2 2024 → Q3 2024
GOOG Alphabet Inc. Class C Reduce -92.2% 0.33% −4.46
IVV iShares Core S&P 500 ETF Reduce -42.3% 1.97% −1.41
MSFT Microsoft Corp. Reduce -0.6% 6.87% −0.63
TSLA Tesla Inc. Sold out 0.00% −0.57
NVDA Nvidia Corp. Reduce -0.7% 4.76% −0.34
HUM Humana Inc. Reduce -0.7% 0.47% −0.11
VRTX Vertex Pharmaceuticals Inc. Reduce -0.1% 1.56% −0.08
XYL Xylem Inc. Reduce 0.0% 1.63% −0.08
CSCO Cisco Systems Inc. Sold out 0.00% −0.07
LTC LTC Properties Inc. Sold out 0.00% −0.06
IWB iShares Russell 1000 ETF Reduce -47.2% 0.07% −0.06
RMD Resmed Inc. Sold out 0.00% −0.05
JPM JPMorgan Chase & Co. Reduce -1.8% 2.34% −0.05
MRK Merck & Co. Inc. Sold out 0.00% −0.05
CRM Salesforce Inc. Reduce -23.6% 0.09% −0.02
AMT American Tower Corp. Reduce -25.7% 0.12% −0.02
SYK Stryker Corp. Reduce -16.3% 0.12% −0.02
TTD Trade Desk Inc./the Class A Reduce -24.4% 0.08% −0.02
IDXX Idexx Laboratories Inc. Reduce -20.6% 0.07% −0.02
AMGN Amgen Inc. Reduce -0.8% 0.70% −0.01
V Visa Inc. Class A Reduce -3.4% 0.35% −0.01
MPT Medical Properties Trust Inc. Reduce -40.0% 0.04% −0.01
ARES Ares Management Corp. Class A Reduce -11.9% 0.07% −0.00
ESGD iShares Trust iShares ESG Aw Reduce -1.8% 0.12% +0.00
SCHD Schwab US DVD Equity ETF Reduce -3.3% 0.14% +0.00
LAMR Lamar Advertising Co. Class A Reduce -4.5% 0.11% +0.00
ECL Ecolab Inc. Reduce -1.9% 0.37% +0.00
TMUS T-Mobile US Inc. Reduce -6.2% 0.15% +0.01
NFLX Netflix Inc. Reduce -0.1% 1.86% +0.01
WELL Welltower Inc. Reduce -10.2% 0.18% +0.01
FSLR First Solar Inc. Reduce -0.2% 1.87% +0.10
SPGI S&P Global Inc. Reduce -2.3% 2.38% +0.18
PYPL PayPal Holdings Inc. Reduce -3.6% 0.94% +0.18
TT Trane Technologies PLC Reduce -2.0% 3.61% +0.35
DHI D.R. Horton Inc. Reduce -1.7% 1.81% +0.39

Portfolio Buys Q2 2024 → Q3 2024
GOOGL Alphabet Inc. Class A New 3.86% +3.86
JQUA JPMorgan US Quality Factor New 0.75% +0.75
VUG Vanguard Mrngstar GR ETF-Sui New 0.74% +0.74
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +2.4% 10.13% +0.64
AAPL Apple Inc. Add +3.4% 5.61% +0.48
FTNT Fortinet Inc. Add +1.7% 2.11% +0.42
ULTA Ulta Beauty Inc. Add +28.8% 1.50% +0.29
UNH Unitedhealth Group Inc. Add +0.3% 2.47% +0.23
MA Mastercard Inc. Class A Add +0.4% 3.17% +0.22
ZTS Zoetis Inc. Add +1.3% 2.10% +0.18
CME Cme Group Inc. Add +1.6% 2.13% +0.18
AMZN Amazon.com Inc. Add +10.7% 4.06% +0.08
DFAC Dimensional US Core Equity 2 New 0.08% +0.08
ABT Abbott Laboratories Add +1.6% 1.08% +0.07
LIN Linde PLC Add +0.6% 1.43% +0.06
EXR Extra Space Storage Inc. New 0.06% +0.06
KDP Keurig Dr Pepper Inc. New 0.05% +0.05
XBI SS SPDR S&P Biotech ETF Add +1.4% 1.04% +0.03
ALGN Align Technology Inc. Add +3.4% 0.48% +0.02
AES AES Corp. Add +0.2% 0.14% +0.01
JNJ Johnson & Johnson Add +2.7% 0.13% +0.01
CVLC Calvert US L-C CR Resp Index Add +0.7% 0.24% +0.00
HSY The Hershey Co. Add +0.3% 1.60% +0.00
EA Electronic Arts Inc. Add +1.0% 1.37% −0.01
PEP Pepsico Inc. Add +0.4% 1.83% −0.02
WST West Pharmaceutical Services Add +2.0% 0.53% −0.07
EOG EOG Resources Inc. Add +0.4% 1.18% −0.08
WM Waste Management Inc. Add +0.7% 2.16% −0.15
INTU Intuit Inc. Add +0.6% 1.73% −0.17
FANG Diamondback Energy Inc. Add +0.2% 1.06% −0.22
ADBE Adobe Inc. Add +0.7% 2.79% −0.32
EW Edwards Lifesciences Corp. Add +3.6% 1.69% −0.70

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