Fulcrum Equity Management
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 24, 2024), Fulcrum Equity Management reported 109 stock positions worth $84.8 million. Its top holding was iShares MSCI World ETF (URTH) at 7.9% of the portfolio, followed by Oneok (OKE, 4.3%) and SS SPDR S&P 500 ETF Trust-US (SPY, 3.4%). Compared with Q4 2023, it opened 26 new positions, sold out of 8, added to 44 and reduced 35. The biggest buy was a new position in Invesco S&P 500 Momentum ETF (SPMO) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001737888
- Portfolio Value
- $84.8M (Q1 2024)
- SEC Filing
- 0001737888-24-000004 ↗ filed Apr 24, 2024
Holdings Value
Holdings 109 stocks · $84.8M
| URTH iShares MSCI World ETF | 7.90% | 46,192 | $6.7M | No change |
| OKE Oneok Inc. | 4.31% | 45,600 | $3.7M | Add +1.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.38% | 5,472 | $2.9M | Reduce -83.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 2.81% | 30,644 | $2.4M | Reduce -20.5% |
| QQQM Invesco Nasdaq 100 ETF | 2.11% | 9,785 | $1.8M | Reduce -5.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.10% | 4,229 | $1.8M | Add +12.3% |
| SPMO Invesco S&P 500 Momentum ETF | 2.05% | 21,634 | $1.7M | New |
| IVV iShares Core S&P 500 ETF | 1.88% | 3,036 | $1.6M | Reduce -4.8% |
| XLK SS Technology Select Sector | 1.85% | 7,524 | $1.6M | Reduce -37.6% |
| VLO Valero Energy Corp. | 1.76% | 8,764 | $1.5M | Reduce -0.5% |
| KBWP Invesco KBW Property & Casua | 1.70% | 13,381 | $1.4M | Add +2.0% |
| XMMO Invesco S&P Midcap Momentum | 1.65% | 12,161 | $1.4M | New |
| QTEC First Trust Nasdq 100 Tech I | 1.57% | 6,975 | $1.3M | New |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.54% | 29,473 | $1.3M | Reduce -1.4% |
| DUSA Davis Select US Equity ETF | 1.51% | 31,687 | $1.3M | New |
| AUSF Global X Adaptive US Factor | 1.51% | 31,258 | $1.3M | Reduce -8.0% |
| DRUP Graniteshares Nasdaq Select | 1.51% | 25,382 | $1.3M | Reduce -2.5% |
| PWB Invesco Large Cap Growth ETF | 1.48% | 14,024 | $1.3M | New |
| MLPA Global X MLP ETF | 1.47% | 25,813 | $1.2M | Reduce -7.9% |
| AMZA Infracap MLP ETF | 1.46% | 30,123 | $1.2M | Reduce -8.0% |
| ABBV Abbvie Inc. | 1.45% | 6,772 | $1.2M | Add +37.9% |
| XNTK SS SPDR Nyse Tech ETF | 1.42% | 6,622 | $1.2M | Reduce -8.0% |
| JQUA JPMorgan US Quality Factor | 1.41% | 22,647 | $1.2M | New |
| OEF iShares S&P 100 ETF | 1.40% | 4,790 | $1.2M | New |
| LOW Lowe's Cos Inc. | 1.38% | 4,582 | $1.2M | Reduce -1.0% |
| QUAL iShares MSCI USA Quality Fac | 1.32% | 6,799 | $1.1M | New |
| XLC SS Comm Select Sector SPDR | 1.21% | 12,551 | $1.0M | Reduce -36.2% |
| GVIP Gold Sachs Hedge Ind Vip ETF | 1.19% | 9,214 | $1.0M | New |
| QGRO American Century US Quality | 1.18% | 11,820 | $1.0M | New |
| AMOM Qraft AI-Enh US LRG Cap MTM | 1.16% | 25,497 | $985K | New |
| VST Vistra Corp. | 1.12% | 13,675 | $952K | Add +0.7% |
| WMT Walmart Inc. | 1.08% | 15,200 | $915K | Add +7.0% |
| XOM Exxon Mobil Corp. | 1.08% | 7,853 | $913K | Add +23.1% |
| AVGO Broadcom Inc. | 1.07% | 683 | $905K | Add +27.9% |
| AAPL Apple Inc. | 1.06% | 5,225 | $896K | Add +221.3% |
| XLF SS Financial Select Sector | 0.99% | 19,921 | $839K | Add +30.4% |
| JNJ Johnson & Johnson | 0.95% | 5,085 | $804K | Add +7.8% |
| MTUM iShares MSCI USA Momentum Fa | 0.84% | 3,823 | $716K | Add +76.4% |
| MSFT Microsoft Corp. | 0.82% | 1,650 | $694K | Add +81.7% |
| CVX Chevron Corp. | 0.79% | 4,269 | $673K | Add +26.9% |
| MMTM SS SPDR S&P 1500 Mom Tilt | 0.78% | 2,889 | $664K | New |
| XLI SS Industrial Select Sector | 0.77% | 5,199 | $655K | Add +59.1% |
| PSX Phillips 66 | 0.77% | 3,993 | $652K | Reduce -1.4% |
| NVDA Nvidia Corp. | 0.75% | 705 | $637K | Add +33.5% |
| IWM iShares Russell 2000 ETF | 0.74% | 2,985 | $628K | Reduce -7.8% |
| FTEC Fidelity MSCI Info Tech Indx | 0.74% | 4,013 | $625K | Add +0.2% |
| PEP Pepsico Inc. | 0.73% | 3,558 | $623K | Add +20.4% |
| HII Huntington Ingalls Industrie | 0.73% | 2,124 | $619K | Add +1.0% |
| JPM JPMorgan Chase & Co. | 0.71% | 2,995 | $600K | Add +41.8% |
| COP Conocophillips | 0.70% | 4,650 | $592K | Reduce -10.1% |
| AMGN Amgen Inc. | 0.64% | 1,913 | $544K | Add +2.9% |
| AMZN Amazon.com Inc. | 0.63% | 2,984 | $538K | Add +52.7% |
| KMB Kimberly-Clark Corp. | 0.59% | 3,877 | $501K | Add +9.2% |
| ILCG iShares Morningstar Growth E | 0.58% | 6,563 | $495K | Reduce -2.4% |
| ITOT iShares Core S&P Total U.S. | 0.58% | 4,261 | $491K | Reduce -0.8% |
| BKHY BNY Mellon High Yield ETF | 0.58% | 10,257 | $489K | Reduce -20.5% |
| BND Vanguard Total Bond Market | 0.57% | 6,651 | $483K | Reduce -0.1% |
| CSCO Cisco Systems Inc. | 0.57% | 9,646 | $481K | Add +10.2% |
| ACWI iShares MSCI Acwi ETF | 0.56% | 4,276 | $471K | Reduce -70.4% |
| GD General Dynamics Corp. | 0.54% | 1,624 | $459K | Add +7.1% |
| SSO Proshares Ultra S&P500 | 0.54% | 5,880 | $456K | Reduce -64.5% |
| PFE Pfizer Inc. | 0.53% | 16,227 | $450K | Add +10.4% |
| UVV Universal Corp. | 0.52% | 8,602 | $445K | Add +13.6% |
| SCHB Schwab US Broad Market ETF | 0.51% | 7,114 | $434K | New |
| EOG EOG Resources Inc. | 0.51% | 3,392 | $434K | Reduce -3.6% |
| BAH Booz Allen Hamilton Holdings | 0.51% | 2,897 | $430K | Reduce -5.3% |
| CL Colgate-Palmolive Co. | 0.50% | 4,683 | $422K | Add +10.0% |
| SCHA Schwab US Small-Cap ETF | 0.48% | 8,180 | $403K | New |
| PG The Procter & Gamble Co. | 0.47% | 2,474 | $401K | Add +10.5% |
| XLE SS Energy Select Sector | 0.46% | 4,124 | $389K | Reduce -48.0% |
| VET Vermilion Energy Inc. | 0.45% | 30,808 | $383K | No change |
| NXST Nexstar Media Group Inc. | 0.45% | 2,211 | $381K | Add +1.3% |
| CGGR Cap Group Growth Equity | 0.43% | 11,389 | $364K | New |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.42% | 1,910 | $357K | New |
| INGR Ingredion Inc. | 0.42% | 3,052 | $357K | Add +1.1% |
| CDW CDW Corp. | 0.41% | 1,369 | $350K | New |
| DUK Duke Energy Corp. | 0.41% | 3,580 | $346K | Add +11.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.41% | 8,079 | $344K | Reduce -21.2% |
| RIO Rio Tinto PLC-Spon ADR | 0.40% | 5,329 | $340K | Add +23.5% |
| BWXT BWX Technologies Inc. | 0.40% | 3,301 | $339K | Add +1.4% |
| FLBL Franklin Senior Loan ETF | 0.40% | 13,775 | $337K | Reduce -20.5% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.40% | 7,351 | $335K | Add +18.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.39% | 5,392 | $332K | Reduce -23.9% |
| XLRE SS Real Estate Select Sector | 0.39% | 8,298 | $328K | New |
| D Dominion Energy Inc. | 0.37% | 6,344 | $312K | Add +1.4% |
| QCOM Qualcomm Inc. | 0.36% | 1,814 | $307K | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.36% | 5,498 | $301K | Reduce -3.4% |
| LMT Lockheed Martin Corp. | 0.35% | 657 | $299K | Reduce -3.2% |
| GOOGL Alphabet Inc. Class A | 0.35% | 1,962 | $296K | New |
| CUBE Cubesmart | 0.35% | 6,484 | $293K | Add +1.1% |
| XLV SS Health Care Select Sector | 0.34% | 1,963 | $290K | Reduce -56.2% |
| XLY SS Consumer Disc Select Sect | 0.34% | 1,549 | $285K | Reduce -55.8% |
| UPS United Parcel Service Class B | 0.33% | 1,870 | $278K | Add +3.7% |
| NSP Insperity Inc. | 0.32% | 2,502 | $274K | Add +1.6% |
| RDIV Invesco S&P Ultra Dividend | 0.32% | 5,867 | $269K | Add +1.1% |
| BHP BHP Group Ltd.-Spon ADR | 0.32% | 4,657 | $269K | Reduce -6.2% |
| CVS CVS Health Corp. | 0.32% | 3,352 | $267K | Add +19.4% |
| META Meta Platforms Inc. Class A | 0.31% | 547 | $266K | New |
| SBUX Starbucks Corp. | 0.29% | 2,709 | $248K | New |
| MCD McDonald's Corp. | 0.29% | 874 | $247K | Add +18.8% |
Portfolio Sells Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -83.6% | 3.38% | −16.21 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −1.93 |
| QVAL Alpha Arch US QNT Value ETF | Sold out | 0.00% | −1.53 |
| ACWI iShares MSCI Acwi ETF | Reduce -70.4% | 0.56% | −1.26 |
| XLK SS Technology Select Sector | Reduce -37.6% | 1.85% | −1.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -20.5% | 2.81% | −0.88 |
| SSO Proshares Ultra S&P500 | Reduce -64.5% | 0.54% | −0.79 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.58 |
| XLC SS Comm Select Sector SPDR | Reduce -36.2% | 1.21% | −0.56 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.45 |
| XLY SS Consumer Disc Select Sect | Reduce -55.8% | 0.34% | −0.44 |
| SCHG Schwab US Large-Cap Growth | Sold out | 0.00% | −0.43 |
| IWY iShares Russell Top 200 Grow | Sold out | 0.00% | −0.43 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.43 |
| XLV SS Health Care Select Sector | Reduce -56.2% | 0.34% | −0.41 |
| LDOS Leidos Holdings Inc. | Sold out | 0.00% | −0.41 |
| XLE SS Energy Select Sector | Reduce -48.0% | 0.46% | −0.36 |
| BKHY BNY Mellon High Yield ETF | Reduce -20.5% | 0.58% | −0.18 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -21.2% | 0.41% | −0.13 |
| FLBL Franklin Senior Loan ETF | Reduce -20.5% | 0.40% | −0.12 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -6.2% | 0.32% | −0.10 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -23.9% | 0.39% | −0.10 |
| MLPA Global X MLP ETF | Reduce -7.9% | 1.47% | −0.07 |
| IWM iShares Russell 2000 ETF | Reduce -7.8% | 0.74% | −0.06 |
| AUSF Global X Adaptive US Factor | Reduce -8.0% | 1.51% | −0.05 |
| COP Conocophillips | Reduce -10.1% | 0.70% | −0.04 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -5.1% | 2.11% | −0.04 |
| XNTK SS SPDR Nyse Tech ETF | Reduce -8.0% | 1.42% | −0.04 |
| BND Vanguard Total Bond Market | Reduce -0.1% | 0.57% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -3.2% | 0.35% | −0.03 |
| RSP Invesco S&P 500 Equal Weight | Reduce -8.5% | 0.27% | −0.02 |
| EOG EOG Resources Inc. | Reduce -3.6% | 0.51% | −0.01 |
| SLB SLB Ltd. | Reduce -3.4% | 0.36% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -4.8% | 1.88% | +0.00 |
| ILCG iShares Morningstar Growth E | Reduce -2.4% | 0.58% | +0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.8% | 0.58% | +0.02 |
| BAH Booz Allen Hamilton Holdings | Reduce -5.3% | 0.51% | +0.02 |
| DRUP Graniteshares Nasdaq Select | Reduce -2.5% | 1.51% | +0.03 |
| AMZA Infracap MLP ETF | Reduce -8.0% | 1.46% | +0.03 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -1.4% | 1.54% | +0.08 |
| PSX Phillips 66 | Reduce -1.4% | 0.77% | +0.10 |
| LOW Lowe's Cos Inc. | Reduce -1.0% | 1.38% | +0.10 |
| VLO Valero Energy Corp. | Reduce -0.5% | 1.76% | +0.35 |
Portfolio Buys Q4 2023 → Q1 2024
| SPMO Invesco S&P 500 Momentum ETF | New | 2.05% | +2.05 |
| XMMO Invesco S&P Midcap Momentum | New | 1.65% | +1.65 |
| QTEC First Trust Nasdq 100 Tech I | New | 1.57% | +1.57 |
| DUSA Davis Select US Equity ETF | New | 1.51% | +1.51 |
| PWB Invesco Large Cap Growth ETF | New | 1.48% | +1.48 |
| JQUA JPMorgan US Quality Factor | New | 1.41% | +1.41 |
| OEF iShares S&P 100 ETF | New | 1.40% | +1.40 |
| QUAL iShares MSCI USA Quality Fac | New | 1.32% | +1.32 |
| GVIP Gold Sachs Hedge Ind Vip ETF | New | 1.19% | +1.19 |
| QGRO American Century US Quality | New | 1.18% | +1.18 |
| AMOM Qraft AI-Enh US LRG Cap MTM | New | 1.16% | +1.16 |
| MMTM SS SPDR S&P 1500 Mom Tilt | New | 0.78% | +0.78 |
| AAPL Apple Inc. | Add +221.3% | 1.06% | +0.67 |
| ABBV Abbvie Inc. | Add +37.9% | 1.45% | +0.51 |
| SCHB Schwab US Broad Market ETF | New | 0.51% | +0.51 |
| VST Vistra Corp. | Add +0.7% | 1.12% | +0.48 |
| SCHA Schwab US Small-Cap ETF | New | 0.48% | +0.48 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +12.3% | 2.10% | +0.44 |
| CGGR Cap Group Growth Equity | New | 0.43% | +0.43 |
| NVDA Nvidia Corp. | Add +33.5% | 0.75% | +0.43 |
| MTUM iShares MSCI USA Momentum Fa | Add +76.4% | 0.84% | +0.42 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | New | 0.42% | +0.42 |
| CDW CDW Corp. | New | 0.41% | +0.41 |
| OKE Oneok Inc. | Add +1.4% | 4.31% | +0.41 |
| MSFT Microsoft Corp. | Add +81.7% | 0.82% | +0.40 |
| XLRE SS Real Estate Select Sector | New | 0.39% | +0.39 |
| QCOM Qualcomm Inc. | New | 0.36% | +0.36 |
| GOOGL Alphabet Inc. Class A | New | 0.35% | +0.35 |
| AVGO Broadcom Inc. | Add +27.9% | 1.07% | +0.33 |
| META Meta Platforms Inc. Class A | New | 0.31% | +0.31 |
| XLI SS Industrial Select Sector | Add +59.1% | 0.77% | +0.31 |
| SBUX Starbucks Corp. | New | 0.29% | +0.29 |
| XOM Exxon Mobil Corp. | Add +23.1% | 1.08% | +0.29 |
| XLF SS Financial Select Sector | Add +30.4% | 0.99% | +0.28 |
| DOW Dow Inc. | New | 0.28% | +0.28 |
| FDX FedEx Corp. | New | 0.27% | +0.27 |
| AMZN Amazon.com Inc. | Add +52.7% | 0.63% | +0.27 |
| JPM JPMorgan Chase & Co. | Add +41.8% | 0.71% | +0.26 |
| ANGL Vaneck Fallen Angel High YLD | New | 0.25% | +0.25 |
| KBWP Invesco KBW Property & Casua | Add +2.0% | 1.70% | +0.23 |
| CVX Chevron Corp. | Add +26.9% | 0.79% | +0.17 |
| WMT Walmart Inc. | Add +7.0% | 1.08% | +0.16 |
| PEP Pepsico Inc. | Add +20.4% | 0.73% | +0.11 |
| BWXT BWX Technologies Inc. | Add +1.4% | 0.40% | +0.09 |
| CL Colgate-Palmolive Co. | Add +10.0% | 0.50% | +0.08 |
| PG The Procter & Gamble Co. | Add +10.5% | 0.47% | +0.07 |
| PAYO Payoneer Global Inc. | New | 0.07% | +0.07 |
| KMB Kimberly-Clark Corp. | Add +9.2% | 0.59% | +0.06 |
| HII Huntington Ingalls Industrie | Add +1.0% | 0.73% | +0.06 |
| GD General Dynamics Corp. | Add +7.1% | 0.54% | +0.05 |
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 |