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

0$50.0M$100.0M$150.0M Q1 2024: $84.8M $84.8M Q1 2024 Q2 2024: $111.4M Q2 2024 Q3 2024: $118.4M Q3 2024 Q4 2024: $101.1M Q4 2024 Q1 2025: $91.6M Q1 2025 Q2 2025: $97.4M Q2 2025 Q3 2025: $98.7M Q3 2025 Q4 2025: $104.5M Q4 2025 Q1 2026: $102.7M Q1 2026 Q2 2026: $123.6M Q2 2026

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%
KMI Kinder Morgan Inc. 0.28% 13,170 $242K Add +0.6%
DOW Dow Inc. 0.28% 4,038 $234K New
FDX FedEx Corp. 0.27% 800 $232K New
MSM MSC Industrial Direct Co. Class A 0.27% 2,336 $227K Add +1.2%
RSP Invesco S&P 500 Equal Weight 0.27% 1,335 $226K Reduce -8.5%
SO The Southern Co. 0.26% 3,128 $224K No change
ANGL Vaneck Fallen Angel High YLD 0.25% 7,309 $212K New
CCL Carnival Corp. 0.21% 10,942 $179K No change
PAYO Payoneer Global Inc. 0.07% 11,705 $57K New

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 140$123.6MITOT, URTH, XLK, OKE, NVDA
Q1 2026 123$102.7MITOT, URTH, OKE, XLK, NVDA
Q4 2025 117$104.5MITOT, URTH, XLK, NVDA, OKE
Q3 2025 94$98.7MITOT, SPY, URTH, XLK, OKE
Q2 2025 102$97.4MITOT, URTH, SPY, SPLV, XLK
Q1 2025 96$91.6MITOT, URTH, RSP, OKE, XLK
Q4 2024 110$101.1MITOT, URTH, OKE, XLK, XLF
Q3 2024Amended 137$118.4MITOT, URTH, OKE, SPY, XLK
Q2 2024 130$111.4MITOT, URTH, OKE, SPY, SPYM
Q1 2024 109$84.8MURTH, OKE, SPY, HYG, QQQM