Fulcrum Equity Management
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 9, 2026), Fulcrum Equity Management reported 140 stock positions worth $123.6 million. Its top holding was iShares Core S&P Total U.S. (ITOT) at 9.9% of the portfolio, followed by iShares MSCI World ETF (URTH, 7.6%) and SS Technology Select Sector (XLK, 5.2%). Compared with Q1 2026, it opened 38 new positions, sold out of 21, added to 51 and reduced 38. The biggest buy was Invesco S&P 500 Momentum ETF (SPMO, shares +348%) and the biggest sale an exit from Invesco S&P 500 Low Volatili (SPLV).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001737888
- Portfolio Value
- $123.6M (Q2 2026)
- SEC Filing
- 0001737888-26-000005 ↗ filed Jul 9, 2026
Holdings Value
Holdings 140 stocks · $123.6M
| ITOT iShares Core S&P Total U.S. | 9.94% | 74,778 | $12.3M | Add +0.1% |
| URTH iShares MSCI World ETF | 7.57% | 46,192 | $9.4M | No change |
| XLK SS Technology Select Sector | 5.15% | 33,430 | $6.4M | Reduce -3.8% |
| OKE Oneok Inc. | 3.65% | 51,928 | $4.5M | Add +0.7% |
| NVDA Nvidia Corp. | 3.64% | 22,507 | $4.5M | Reduce -1.0% |
| AAPL Apple Inc. | 2.49% | 10,632 | $3.1M | Add +2.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 2.01% | 28,313 | $2.5M | Add +50.7% |
| XLF SS Financial Select Sector | 1.86% | 42,945 | $2.3M | Add +51.7% |
| SPMO Invesco S&P 500 Momentum ETF | 1.83% | 14,031 | $2.3M | Add +348.3% |
| GOOGL Alphabet Inc. Class A | 1.73% | 5,971 | $2.1M | Add +2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.63% | 4,038 | $2.0M | Add +0.2% |
| XLI SS Industrial Select Sector | 1.57% | 10,482 | $1.9M | Add +20.0% |
| WMT Walmart Inc. | 1.55% | 16,900 | $1.9M | Add +0.4% |
| XLY SS Consumer Disc Select Sect | 1.26% | 13,229 | $1.6M | Add +16.2% |
| AMZN Amazon.com Inc. | 1.25% | 6,460 | $1.5M | Reduce -5.1% |
| SCHD Schwab US DVD Equity ETF | 1.19% | 46,574 | $1.5M | Reduce -38.8% |
| MSFT Microsoft Corp. | 1.18% | 3,916 | $1.5M | Add +18.0% |
| XLC SS Comm Select Sector SPDR | 1.17% | 13,465 | $1.4M | Reduce -15.9% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 1.14% | 708 | $1.4M | Add +4.7% |
| AVGO Broadcom Inc. | 1.12% | 3,667 | $1.4M | Add +17.4% |
| XLV SS Health Care Select Sector | 1.01% | 7,846 | $1.2M | Reduce -20.4% |
| JPM JPMorgan Chase & Co. | 1.00% | 3,757 | $1.2M | Add +0.3% |
| DRAM Roundhill Memory ETF | 0.97% | 16,299 | $1.2M | New |
| GEV GE Vernova Inc. | 0.96% | 1,007 | $1.2M | Add +3.8% |
| SCHB Schwab US Broad Market ETF | 0.92% | 39,412 | $1.1M | Add +41.3% |
| AMD Advanced Micro Devices | 0.91% | 1,943 | $1.1M | Add +64.7% |
| TSLA Tesla Inc. | 0.89% | 2,608 | $1.1M | Reduce -0.5% |
| NBIS Nebius Group NV | 0.87% | 3,887 | $1.1M | Add +42.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.87% | 11,699 | $1.1M | Add +38.4% |
| LLY Eli Lilly & Co. | 0.81% | 836 | $1.0M | Reduce -8.6% |
| XLE SS Energy Select Sector | 0.79% | 18,331 | $974K | Reduce -36.9% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.78% | 20,948 | $967K | Add +78.5% |
| IVW iShares S&P 500 Growth ETF | 0.76% | 6,807 | $936K | Add +9.4% |
| FLRN SS SPDR BB Ig Float RT ETF | 0.74% | 29,836 | $920K | New |
| GSY Invesco Ultra Short Duration | 0.74% | 18,338 | $920K | Add +34.0% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.74% | 13,456 | $915K | Add +1.1% |
| AMAT Applied Materials Inc. | 0.70% | 1,201 | $868K | Reduce -0.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.66% | 1,719 | $821K | Add +48.8% |
| META Meta Platforms Inc. Class A | 0.64% | 1,394 | $785K | Reduce -7.0% |
| LOW Lowe's Cos Inc. | 0.64% | 3,561 | $785K | Add +0.5% |
| IVE iShares S&P 500 Value ETF | 0.63% | 3,415 | $775K | Reduce -16.2% |
| LRCX Lam Research Corp. | 0.59% | 1,681 | $728K | Reduce -4.9% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.57% | 9,313 | $709K | Add +22.7% |
| GS Goldman Sachs Group Inc. | 0.57% | 691 | $699K | Reduce -2.1% |
| APH Amphenol Corp. Class A | 0.55% | 3,834 | $676K | Reduce -16.8% |
| SCHG Schwab US Large-Cap Growth | 0.53% | 19,498 | $660K | Add +129.9% |
| CLOI Vaneck Clo ETF | 0.53% | 12,383 | $656K | New |
| CORO Ish Intl CTRY Rot Act ETF | 0.52% | 17,589 | $644K | Add +1.3% |
| AAOI Applied Optoelectronics Inc. | 0.50% | 4,206 | $623K | New |
| IYW iShares Ustechnology ETF | 0.49% | 2,400 | $605K | Add +23.7% |
| MU Micron Technology Inc. | 0.49% | 521 | $601K | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.48% | 13,198 | $598K | Reduce -25.1% |
| XOM Exxon Mobil Corp. | 0.48% | 4,326 | $591K | Reduce -2.2% |
| REMX Vaneck Rar Earth ND STG-Usdi | 0.47% | 6,619 | $586K | Reduce -6.8% |
| COST Costco Wholesale Corp. | 0.45% | 590 | $552K | Reduce -3.3% |
| KAMO Kensington Credit Opport ETF filed as MANAGED PORTFOLIO SER | 0.44% | 22,073 | $544K | Reduce -5.5% |
| FTXL First Trust Nasdaq Semicondu | 0.44% | 1,903 | $542K | Reduce -17.9% |
| AHR American Healthcare REIT Inc. | 0.42% | 9,909 | $517K | Add +0.0% |
| DUK Duke Energy Corp. | 0.41% | 3,998 | $506K | Add +0.7% |
| PTF Invesco Dorsey Wright Tech | 0.40% | 3,671 | $500K | New |
| SLV iShares Silver Trust | 0.40% | 9,265 | $495K | Reduce -0.8% |
| PSI Invesco Semiconductors ETF | 0.40% | 2,631 | $494K | Reduce -16.9% |
| SIVR Abrdn Physical Silver Shares | 0.40% | 8,700 | $489K | No change |
| ASTS Ast Spacemobile Inc. | 0.39% | 5,430 | $483K | Add +32.6% |
| GRNY Fundstr Gran SH US LRG Cap | 0.39% | 17,449 | $482K | Add +46.9% |
| PLTR Palantir Technologies Inc. Class A | 0.39% | 4,129 | $482K | Add +83.8% |
| SCHZ Schwab US Aggregate Bond ETF | 0.38% | 20,455 | $473K | Add +12.1% |
| BAI Ishrs AI in and Tech Act ETF | 0.37% | 8,661 | $457K | Reduce -25.0% |
| AIRR First Trust Rba American Ind | 0.36% | 3,377 | $450K | New |
| GLTR Abrdn Precious Metals Basket | 0.36% | 2,425 | $439K | No change |
| KNCT Invesco Next Gen Connectivit | 0.35% | 2,063 | $435K | Add +8.0% |
| PSCT Invesco S&P Smallcap Informa | 0.35% | 4,706 | $435K | Add +30.4% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 1,156 | $432K | Reduce -6.0% |
| PANW Palo Alto Networks Inc. | 0.34% | 1,222 | $417K | New |
| MRVL Marvell Technology Inc. | 0.33% | 1,389 | $414K | Reduce -31.6% |
| GOVT iShares US Treasury Bond ETF | 0.33% | 17,994 | $410K | Add +12.5% |
| LQDA Liquidia Corp. | 0.32% | 5,005 | $399K | New |
| KHPI Kensington Hedged PRM in ETF filed as MANAGED PORTFOLIO SER | 0.32% | 15,208 | $393K | Reduce -16.1% |
| JCI Johnson Controls Internation | 0.31% | 2,662 | $389K | Reduce -0.9% |
| V Visa Inc. Class A | 0.31% | 1,131 | $388K | Add +2.0% |
| RY Royal Bank of Canada | 0.31% | 1,855 | $384K | Add +0.5% |
| ROKT SS SPDR S&P Kensho FF ETF | 0.29% | 3,021 | $361K | Add +3.3% |
| BLCR iShares LRG CP CR Act ETF-Ui | 0.29% | 7,010 | $353K | Add +5.7% |
| CSD Invesco S&P Spin-Off ETF | 0.28% | 2,328 | $349K | Add +13.4% |
| DELL Dell Technologies -C | 0.28% | 802 | $346K | New |
| IAU iShares Gold Trust | 0.28% | 4,560 | $344K | No change |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 0.28% | 7,551 | $344K | Reduce -35.0% |
| GOOG Alphabet Inc. Class C | 0.28% | 971 | $343K | New |
| VLUE iShares MSCI USA Value Facto | 0.28% | 1,713 | $342K | New |
| ANET Arista Networks Inc. | 0.27% | 1,994 | $339K | Add +0.6% |
| QQQI Neos Nasdaq-100 High Inc. ETF | 0.27% | 5,949 | $338K | New |
| XLB SS Materials Select Sector | 0.27% | 6,493 | $330K | Reduce -41.6% |
| GLD SPDR Gold Shares | 0.27% | 895 | $330K | No change |
| MBB iShares MBS ETF | 0.27% | 3,471 | $328K | Add +12.4% |
| FTEC Fidelity MSCI Info Tech Indx | 0.27% | 1,147 | $328K | New |
| ABBV Abbvie Inc. | 0.26% | 1,283 | $323K | Reduce -5.3% |
| INTC Intel Corp. | 0.26% | 2,305 | $322K | New |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.26% | 3,352 | $319K | No change |
| RPG Invesco S&P 500 Pure Growth | 0.26% | 4,973 | $318K | New |
| SHLD Global X Defense Tech ETF | 0.26% | 5,316 | $317K | Add +28.5% |
Options reported separately and not counted above: TSLA puts ($9.7M), TLT calls ($2.1M), ARKG calls ($841K), TSLA calls ($210K).
Portfolio Sells Q1 2026 → Q2 2026
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −1.10 |
| SCHD Schwab US DVD Equity ETF | Reduce -38.8% | 1.19% | −1.08 |
| XLE SS Energy Select Sector | Reduce -36.9% | 0.79% | −0.94 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.86 |
| LDUR PIMCO Enhanced Low Duration | Sold out | 0.00% | −0.78 |
| AVSF Avantis Short-Term Fixed Inc. | Sold out | 0.00% | −0.78 |
| SILA Sila Realty Trust Inc. | Sold out | 0.00% | −0.71 |
| LST Leuthold Sel Ind | Sold out | 0.00% | −0.70 |
| XLC SS Comm Select Sector SPDR | Reduce -15.9% | 1.17% | −0.56 |
| XES SS SPDR S&P Og Eqp & Serv | Sold out | 0.00% | −0.41 |
| PXJ Invesco Oil & Gas Services E | Sold out | 0.00% | −0.41 |
| XLV SS Health Care Select Sector | Reduce -20.4% | 1.01% | −0.40 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.38 |
| QUAL iShares MSCI USA Quality Fac | Sold out | 0.00% | −0.35 |
| MOO Vaneck Agribusiness ETF | Sold out | 0.00% | −0.31 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -25.1% | 0.48% | −0.30 |
| EFV iShares MSCI Eafe Value ETF | Sold out | 0.00% | −0.30 |
| RSPG Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.30 |
| XLB SS Materials Select Sector | Reduce -41.6% | 0.27% | −0.27 |
| IAGG iShares Intl Aggregate Bond | Sold out | 0.00% | −0.26 |
| XOM Exxon Mobil Corp. | Reduce -2.2% | 0.48% | −0.25 |
| FTXG First Trust Nasdaq Food & Be | Sold out | 0.00% | −0.25 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | Reduce -35.0% | 0.28% | −0.24 |
| BBP Virtus Biotech ETF-Usd Inc. | Sold out | 0.00% | −0.23 |
| CEF Sprott Physical Gold and Sil | Sold out | 0.00% | −0.23 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.23 |
| SLV iShares Silver Trust | Reduce -0.8% | 0.40% | −0.22 |
| NVDA Nvidia Corp. | Reduce -1.0% | 3.64% | −0.22 |
| FCG First Trust Natural Gas ETF | Sold out | 0.00% | −0.21 |
| IVE iShares S&P 500 Value ETF | Reduce -16.2% | 0.63% | −0.21 |
| CASY Casey's General Stores Inc. | Sold out | 0.00% | −0.21 |
| META Meta Platforms Inc. Class A | Reduce -7.0% | 0.64% | −0.20 |
| AVEM Avantis Emerging Markets Eq | Reduce -45.1% | 0.21% | −0.17 |
| COST Costco Wholesale Corp. | Reduce -3.3% | 0.45% | −0.15 |
| THRO iShares U.S. Thematic Rotati | Reduce -39.7% | 0.21% | −0.14 |
| REMX Vaneck Rar Earth ND STG-Usdi | Reduce -6.8% | 0.47% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -5.1% | 1.25% | −0.13 |
| KAMO Kensington Credit Opport ETF | Reduce -5.5% | 0.44% | −0.12 |
| KHPI Kensington Hedged PRM in ETF | Reduce -16.1% | 0.32% | −0.11 |
| VZ Verizon Communications Inc. | Reduce -1.6% | 0.17% | −0.08 |
| TSLA Tesla Inc. | Reduce -0.5% | 0.89% | −0.06 |
| BITF Bitfarms Ltd./Canada | Sold out | 0.00% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -7.0% | 0.16% | −0.04 |
| KO The Coca-Cola Co. | Reduce -3.2% | 0.25% | −0.04 |
| JCI Johnson Controls Internation | Reduce -0.9% | 0.31% | −0.03 |
| ABBV Abbvie Inc. | Reduce -5.3% | 0.26% | −0.03 |
| EME Emcor Group Inc. | Reduce -3.3% | 0.21% | −0.02 |
| APH Amphenol Corp. Class A | Reduce -16.8% | 0.55% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -2.1% | 0.57% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -8.6% | 0.81% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| SPMO Invesco S&P 500 Momentum ETF | Add +348.3% | 1.83% | +1.49 |
| DRAM Roundhill Memory ETF | New | 0.97% | +0.97 |
| FLRN SS SPDR BB Ig Float RT ETF | New | 0.74% | +0.74 |
| AMD Advanced Micro Devices | Add +64.7% | 0.91% | +0.68 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +50.7% | 2.01% | +0.61 |
| NBIS Nebius Group NV | Add +42.5% | 0.87% | +0.59 |
| CLOI Vaneck Clo ETF | New | 0.53% | +0.53 |
| AAOI Applied Optoelectronics Inc. | New | 0.50% | +0.50 |
| XLF SS Financial Select Sector | Add +51.7% | 1.86% | +0.50 |
| MU Micron Technology Inc. | New | 0.49% | +0.49 |
| PTF Invesco Dorsey Wright Tech | New | 0.40% | +0.40 |
| AIRR First Trust Rba American Ind | New | 0.36% | +0.36 |
| PANW Palo Alto Networks Inc. | New | 0.34% | +0.34 |
| LQDA Liquidia Corp. | New | 0.32% | +0.32 |
| SCHG Schwab US Large-Cap Growth | Add +129.9% | 0.53% | +0.29 |
| TSM Taiwan Semiconductor-SP ADR | Add +48.8% | 0.66% | +0.28 |
| DELL Dell Technologies -C | New | 0.28% | +0.28 |
| GOOG Alphabet Inc. Class C | New | 0.28% | +0.28 |
| VLUE iShares MSCI USA Value Facto | New | 0.28% | +0.28 |
| QQQI Neos Nasdaq-100 High Inc. ETF | New | 0.27% | +0.27 |
| ASML ASML Holding NV-NY Reg SHS | Add +4.7% | 1.14% | +0.27 |
| FTEC Fidelity MSCI Info Tech Indx | New | 0.27% | +0.27 |
| INTC Intel Corp. | New | 0.26% | +0.26 |
| RPG Invesco S&P 500 Pure Growth | New | 0.26% | +0.26 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +78.5% | 0.78% | +0.25 |
| TSEM Tower Semiconductor Ltd. | New | 0.25% | +0.25 |
| GRNJ Fundstr Gran SH US SM & Mid | New | 0.24% | +0.24 |
| IALT Ishrs SYS Alt Act ETF | New | 0.24% | +0.24 |
| SCHB Schwab US Broad Market ETF | Add +41.3% | 0.92% | +0.24 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.24% | +0.24 |
| SPYI Neos S&P 500 High Income ETF | New | 0.24% | +0.24 |
| PWR Quanta Services Inc. | New | 0.22% | +0.22 |
| RKLB Rocket Lab Corp. | New | 0.22% | +0.22 |
| CSCO Cisco Systems Inc. | New | 0.22% | +0.22 |
| SBIO Alps Medical Breakthroughs | New | 0.21% | +0.21 |
| FYC First Trust Small Cap Growth | New | 0.20% | +0.20 |
| FYX First Trust Small Cap Core A | New | 0.20% | +0.20 |
| VFMO Vanguard US Momentum Factor | New | 0.20% | +0.20 |
| CM Can Imperial BK of Commerce | New | 0.20% | +0.20 |
| XLI SS Industrial Select Sector | Add +20.0% | 1.57% | +0.20 |
| C Citigroup Inc. | New | 0.18% | +0.18 |
| AVGO Broadcom Inc. | Add +17.4% | 1.12% | +0.18 |
| XLRE SS Real Estate Select Sector | New | 0.17% | +0.17 |
| ENTG Entegris Inc. | New | 0.17% | +0.17 |
| ADI Analog Devices Inc. | New | 0.17% | +0.17 |
| BN Brookfield Corp. | New | 0.17% | +0.17 |
| HWM Howmet Aerospace Inc. | New | 0.16% | +0.16 |
| KLAC KLA Corp. | New | 0.16% | +0.16 |
| GGOV iShares Global GB Usd Ha ETF | New | 0.16% | +0.16 |
| IYW iShares Ustechnology ETF | Add +23.7% | 0.49% | +0.15 |
Options Activity Q1 2026 → Q2 2026
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 140 | $123.6M | ITOT, URTH, XLK, OKE, NVDA |
| Q1 2026 | 123 | $102.7M | ITOT, URTH, OKE, XLK, NVDA |
| Q4 2025 | 117 | $104.5M | ITOT, URTH, XLK, NVDA, OKE |
| Q3 2025 | 94 | $98.7M | ITOT, SPY, URTH, XLK, OKE |
| Q2 2025 | 102 | $97.4M | ITOT, URTH, SPY, SPLV, XLK |
| Q1 2025 | 96 | $91.6M | ITOT, URTH, RSP, OKE, XLK |
| Q4 2024 | 110 | $101.1M | ITOT, URTH, OKE, XLK, XLF |
| Q3 2024Amended | 137 | $118.4M | ITOT, URTH, OKE, SPY, XLK |
| Q2 2024 | 130 | $111.4M | ITOT, URTH, OKE, SPY, SPYM |
| Q1 2024 | 109 | $84.8M | URTH, OKE, SPY, HYG, QQQM |