Fulcrum Capital LLC

In its 13F for Q3 2026 (holdings as of September 30, 2026, filed October 15, 2026), Fulcrum Capital LLC reported 101 stock positions worth $524.9 million. Its top holding was Microsoft (MSFT) at 9.6% of the portfolio, followed by Vngrd Mrngstr MD-Cap ETF-Usd (VO, 7.5%) and Apple (AAPL, 6.2%). Compared with Q2 2026, it opened 4 new positions, sold out of 6, added to 42 and reduced 23. The biggest buy was Microsoft (MSFT, shares +21%) and the biggest sale Lam Research (LRCX, shares −1%).

Most Recent 13F
Q3 2026
Location
SEATTLE, WA
CIK
0001724090
Portfolio Value
$524.9M (Q3 2026)
SEC Filing
0001724090-26-000007 ↗ filed Oct 15, 2026

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $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 Q3 2026: $524.9M $524.9M Q3 2026

Holdings 101 stocks · $524.9M
MSFT Microsoft Corp. 9.56% 97,875 $50.2M Add +21.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 7.54% 504,508 $39.6M Add +0.9%
AAPL Apple Inc. 6.25% 98,459 $32.8M Add +2.5%
FTNT Fortinet Inc. 5.49% 161,231 $28.8M Reduce -2.4%
NVDA Nvidia Corp. 5.28% 121,330 $27.7M Add +1.9%
AMZN Amazon.com Inc. 5.09% 107,299 $26.7M Add +4.1%
GOOGL Alphabet Inc. Class A 5.06% 77,212 $26.6M Add +1.7%
LRCX Lam Research Corp. 4.40% 70,316 $23.1M Reduce -1.3%
TT Trane Technologies PLC 3.10% 36,034 $16.3M Add +1.9%
MA Mastercard Inc. Class A 2.97% 28,310 $15.6M Add +2.5%
JPM JPMorgan Chase & Co. 2.42% 38,458 $12.7M Add +0.6%
EW Edwards Lifesciences Corp. 2.18% 132,586 $11.4M Add +0.9%
CME Cme Group Inc. 2.14% 42,790 $11.2M Add +4.6%
NFLX Netflix Inc. 2.10% 158,770 $11.0M Add +17.6%
SPGI S&P Global Inc. 2.01% 26,694 $10.5M Add +8.5%
WM Waste Management Inc. 1.91% 49,226 $10.0M Add +3.5%
UNH Unitedhealth Group Inc. 1.62% 23,176 $8.5M Reduce -1.4%
VRTX Vertex Pharmaceuticals Inc. 1.60% 16,044 $8.4M Add +0.5%
XBI SS SPDR S&P Biotech ETF 1.53% 51,007 $8.0M Reduce -2.2%
ADBE Adobe Inc. 1.52% 33,294 $8.0M Reduce -5.0%
ULTA Ulta Beauty Inc. 1.35% 12,985 $7.1M Add +6.3%
LIN Linde PLC 1.33% 14,665 $7.0M Add +3.0%
UBER Uber Technologies Inc. 1.31% 100,265 $6.9M Add +5.0%
VUG Vanguard Mrngstar GR ETF-Sui 1.29% 75,226 $6.8M Add +3.0%
XYL Xylem Inc. 1.18% 60,938 $6.2M Add +3.8%
PEP Pepsico Inc. 1.14% 47,400 $6.0M Add +4.0%
FSLR First Solar Inc. 1.13% 33,887 $5.9M Add +2.4%
JQUA JPMorgan US Quality Factor 1.09% 77,560 $5.7M Reduce -0.9%
TMO Thermo Fisher Scientific Inc. 0.93% 7,257 $4.9M Add +2.4%
NOW ServiceNow Inc. 0.89% 35,009 $4.7M Add +2.2%
LLY Eli Lilly & Co. 0.84% 3,797 $4.4M Add +1.0%
IVV iShares Core S&P 500 ETF 0.82% 5,624 $4.3M Reduce -0.9%
EOG EOG Resources Inc. 0.81% 30,844 $4.2M Reduce -4.9%
ANET Arista Networks Inc. 0.80% 20,576 $4.2M Add +4.2%
COIN Coinbase Global Inc. Class A 0.75% 21,122 $3.9M Add +5.4%
DHI D.R. Horton Inc. 0.75% 28,670 $3.9M Add +1.1%
DXCM Dexcom Inc. 0.73% 44,568 $3.8M Add +3.0%
INTU Intuit Inc. 0.70% 13,276 $3.7M Add +0.3%
APH Amphenol Corp. Class A 0.69% 43,124 $3.6M Add +5.1%
PINS Pinterest Inc. Class A 0.50% 137,991 $2.6M Add +3.9%
CVLC Calvert US L-C CR Resp Index 0.47% 26,247 $2.5M Reduce -2.9%
SPYM Ste STR SPDR PT S&P 500 ETF 0.43% 25,338 $2.3M No change
AMGN Amgen Inc. 0.43% 5,351 $2.3M Reduce -2.3%
GOOG Alphabet Inc. Class C 0.40% 6,236 $2.1M Add +168.1%
VYM Vanguard High DVD Yield ETF 0.34% 11,356 $1.8M Add +5.5%
IWR iShares Russell Mid-Cap ETF 0.30% 14,641 $1.6M Reduce -0.5%
ECL Ecolab Inc. 0.29% 5,468 $1.5M Add +0.2%
COST Costco Wholesale Corp. 0.21% 1,186 $1.1M No change
AWK American Water Works Co. Inc. 0.21% 8,339 $1.1M Add +1.7%
JNJ Johnson & Johnson 0.20% 3,968 $1.1M Reduce -1.6%
WELL Welltower Inc. 0.19% 4,257 $980K Reduce -1.6%
IEFA iShares Core MSCI Eafe ETF 0.16% 8,520 $825K No change
MAR Marriott International Class A 0.14% 2,040 $726K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 930 $709K No change
V Visa Inc. Class A 0.13% 1,952 $702K Add +4.8%
SCHD Schwab US DVD Equity ETF 0.13% 21,000 $683K Reduce -8.2%
KO The Coca-Cola Co. 0.13% 7,680 $661K No change
ATO Atmos Energy Corp. 0.12% 4,100 $641K No change
AVGO Broadcom Inc. 0.10% 1,540 $541K Reduce -3.4%
LAMR Lamar Advertising Co. Class A 0.10% 3,704 $534K No change
VDC Vanguard Consumer Staple ETF 0.10% 2,420 $528K No change
WCC Wesco International Inc. 0.10% 1,429 $514K No change
XLV SS Health Care Select Sector 0.10% 3,000 $505K No change
SPG Simon Property Group Inc. 0.09% 2,439 $490K Reduce -2.9%
VTI VG Morningstar TS MKT ETF-US 0.09% 1,291 $483K No change
ABBV Abbvie Inc. 0.09% 1,824 $477K No change
PM Philip Morris International 0.09% 2,425 $463K Add +16.7%
VLO Valero Energy Corp. 0.09% 1,182 $458K New
ESGD iShares Trust iShares ESG Aw 0.08% 4,089 $421K No change
ALSN Allison Transmission Holding 0.08% 3,600 $408K No change
MS Morgan Stanley 0.08% 2,131 $401K No change
QCOM Qualcomm Inc. 0.07% 2,136 $393K Reduce -2.6%
IEMG iShares Core MSCI Emerging 0.07% 4,450 $361K Reduce -18.8%
VPU Vanguard Utilities ETF 0.07% 2,050 $351K No change
SBUX Starbucks Corp. 0.07% 3,698 $347K Reduce -17.8%
CSCO Cisco Systems Inc. 0.07% 3,200 $344K No change
IWB iShares Russell 1000 ETF 0.06% 810 $337K Reduce -15.4%
COP Conocophillips 0.06% 2,642 $331K No change
CVS CVS Health Corp. 0.06% 3,716 $318K Add +13.1%
EPD Enterprise Products Partners 0.06% 8,911 $317K No change
CMI Cummins Inc. 0.06% 614 $317K Reduce -9.8%
PFE Pfizer Inc. 0.06% 11,000 $314K No change
PCAR Paccar Inc. 0.06% 2,787 $306K No change
PG The Procter & Gamble Co. 0.06% 2,068 $300K Reduce -17.0%
ORI Old Republic Intl Corp. 0.05% 7,719 $288K No change
SNA Snap-on Inc. 0.05% 785 $285K Add +6.5%
META Meta Platforms Inc. Class A 0.05% 386 $280K No change
UL Unilever PLC-Sponsored ADR 0.05% 4,441 $270K No change
OKE Oneok Inc. 0.05% 3,000 $256K New
BRK.B Berkshire Hathaway Inc. Class B 0.05% 503 $250K No change
PEG Public Service Enterprise GP 0.05% 3,655 $246K No change
DRI Darden Restaurants Inc. 0.05% 1,270 $245K Reduce -10.6%
WTRG Essential Utilities Inc. 0.05% 6,250 $245K No change
GSL Global Ship Lease Inc. Class A 0.05% 5,500 $243K No change
PAYX Paychex Inc. 0.04% 2,391 $236K New
TXN Texas Instruments Inc. 0.04% 839 $235K No change
EFA iShares MSCI Eafe ETF 0.04% 2,203 $229K No change
GEV GE Vernova Inc. 0.04% 238 $226K Add +12.8%
MU Micron Technology Inc. 0.04% 201 $214K No change
GE General Electric filed as GE AEROSPACE 0.04% 642 $200K New
MPT Medical Properties Trust Inc. 0.03% 39,200 $136K Add +13.9%

Portfolio Sells Q2 2026 → Q3 2026
LRCX Lam Research Corp. Reduce -1.3% 4.40% −1.86
UNH Unitedhealth Group Inc. Reduce -1.4% 1.62% −0.36
TTD Trade Desk Inc./the Class A Sold out 0.00% −0.28
XBI SS SPDR S&P Biotech ETF Reduce -2.2% 1.53% −0.14
JQUA JPMorgan US Quality Factor Reduce -0.9% 1.09% −0.06
OKE Oneok Inc. Sold out 0.00% −0.05
DKS Dick's Sporting Goods Inc. Sold out 0.00% −0.05
HD Home Depot Inc. Sold out 0.00% −0.05
CVLC Calvert US L-C CR Resp Index Reduce -2.9% 0.47% −0.04
EOG EOG Resources Inc. Reduce -4.9% 0.81% −0.04
WSO Watsco Inc. Sold out 0.00% −0.04
RHP Ryman Hospitality Properties Sold out 0.00% −0.04
IVV iShares Core S&P 500 ETF Reduce -0.9% 0.82% −0.04
CMI Cummins Inc. Reduce -9.8% 0.06% −0.04
IWR iShares Russell Mid-Cap ETF Reduce -0.5% 0.30% −0.03
SBUX Starbucks Corp. Reduce -17.8% 0.07% −0.03
IEMG iShares Core MSCI Emerging Reduce -18.8% 0.07% −0.02
SPG Simon Property Group Inc. Reduce -2.9% 0.09% −0.02
AVGO Broadcom Inc. Reduce -3.4% 0.10% −0.02
SCHD Schwab US DVD Equity ETF Reduce -8.2% 0.13% −0.02
PG The Procter & Gamble Co. Reduce -17.0% 0.06% −0.02
IWB iShares Russell 1000 ETF Reduce -15.4% 0.06% −0.02
DRI Darden Restaurants Inc. Reduce -10.6% 0.05% −0.01
WELL Welltower Inc. Reduce -1.6% 0.19% −0.01
JNJ Johnson & Johnson Reduce -1.6% 0.20% −0.01
QCOM Qualcomm Inc. Reduce -2.6% 0.07% −0.01
AMGN Amgen Inc. Reduce -2.3% 0.43% +0.03
ADBE Adobe Inc. Reduce -5.0% 1.52% +0.06
FTNT Fortinet Inc. Reduce -2.4% 5.49% +0.34

Portfolio Buys Q2 2026 → Q3 2026
MSFT Microsoft Corp. Add +21.4% 9.56% +3.46
AAPL Apple Inc. Add +2.5% 6.25% +0.60
NVDA Nvidia Corp. Add +1.9% 5.28% +0.45
CME Cme Group Inc. Add +4.6% 2.14% +0.30
GOOG Alphabet Inc. Class C Add +168.1% 0.40% +0.24
ULTA Ulta Beauty Inc. Add +6.3% 1.35% +0.23
TMO Thermo Fisher Scientific Inc. Add +2.4% 0.93% +0.21
NOW ServiceNow Inc. Add +2.2% 0.89% +0.20
COIN Coinbase Global Inc. Class A Add +5.4% 0.75% +0.16
NFLX Netflix Inc. Add +17.6% 2.10% +0.15
DXCM Dexcom Inc. Add +3.0% 0.73% +0.14
ANET Arista Networks Inc. Add +4.2% 0.80% +0.12
AMZN Amazon.com Inc. Add +4.1% 5.09% +0.11
MA Mastercard Inc. Class A Add +2.5% 2.97% +0.10
VLO Valero Energy Corp. New 0.09% +0.09
OKE Oneok Inc. New 0.05% +0.05
PAYX Paychex Inc. New 0.04% +0.04
GE General Electric New 0.04% +0.04
VUG Vanguard Mrngstar GR ETF-Sui Add +3.0% 1.29% +0.01
PM Philip Morris International Add +16.7% 0.09% +0.01
V Visa Inc. Class A Add +4.8% 0.13% +0.00
INTU Intuit Inc. Add +0.3% 0.70% −0.00
SNA Snap-on Inc. Add +6.5% 0.05% −0.01
MPT Medical Properties Trust Inc. Add +13.9% 0.03% −0.01
GEV GE Vernova Inc. Add +12.8% 0.04% −0.01
CVS CVS Health Corp. Add +13.1% 0.06% −0.01
VYM Vanguard High DVD Yield ETF Add +5.5% 0.34% −0.01
VRTX Vertex Pharmaceuticals Inc. Add +0.5% 1.60% −0.01
AWK American Water Works Co. Inc. Add +1.7% 0.21% −0.01
ECL Ecolab Inc. Add +0.2% 0.29% −0.02
SPGI S&P Global Inc. Add +8.5% 2.01% −0.03
APH Amphenol Corp. Class A Add +5.1% 0.69% −0.04
PINS Pinterest Inc. Class A Add +3.9% 0.50% −0.07
LLY Eli Lilly & Co. Add +1.0% 0.84% −0.08
UBER Uber Technologies Inc. Add +5.0% 1.31% −0.09
PEP Pepsico Inc. Add +4.0% 1.14% −0.11
JPM JPMorgan Chase & Co. Add +0.6% 2.42% −0.11
LIN Linde PLC Add +3.0% 1.33% −0.17
DHI D.R. Horton Inc. Add +1.1% 0.75% −0.19
EW Edwards Lifesciences Corp. Add +0.9% 2.18% −0.23
XYL Xylem Inc. Add +3.8% 1.18% −0.23
WM Waste Management Inc. Add +3.5% 1.91% −0.24
TT Trane Technologies PLC Add +1.9% 3.10% −0.42
GOOGL Alphabet Inc. Class A Add +1.7% 5.06% −0.44
FSLR First Solar Inc. Add +2.4% 1.13% −0.45
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.9% 7.54% −0.64

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2026 101$524.9MMSFT, VO, AAPL, FTNT, NVDA
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