Fulcrum Equity Management

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 22, 2024), Fulcrum Equity Management reported 130 stock positions worth $111.4 million. Its top holding was iShares Core S&P Total U.S. (ITOT) at 8.6% of the portfolio, followed by iShares MSCI World ETF (URTH, 6.1%) and Oneok (OKE, 3.4%). Compared with Q1 2024, it opened 43 new positions, sold out of 22, added to 63 and reduced 22. The biggest buy was iShares Core S&P Total U.S. (ITOT, shares +1801%) and the biggest sale an exit from iShares Core S&P 500 ETF (IVV).

Most Recent 13F
Q2 2026
Location
PLANO, TX
CIK
0001737888
Portfolio Value
$111.4M (Q2 2024)
SEC Filing
0001737888-24-000005 ↗ filed Jul 22, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $84.8M Q1 2024 Q2 2024: $111.4M $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 130 stocks · $111.4M
ITOT iShares Core S&P Total U.S. 8.64% 81,015 $9.6M Add +1801.3%
URTH iShares MSCI World ETF 6.11% 46,192 $6.8M No change
OKE Oneok Inc. 3.38% 46,155 $3.8M Add +1.2%
SPY SS SPDR S&P 500 ETF Trust-US 3.02% 6,175 $3.4M Add +12.8%
SPYM Ste STR SPDR PT S&P 500 ETF 1.88% 32,792 $2.1M Add +508.2%
IVW iShares S&P 500 Growth ETF 1.83% 22,026 $2.0M New
BRK.B Berkshire Hathaway Inc. Class B 1.61% 4,410 $1.8M Add +4.3%
JPST JPMorgan Ultra-Short Income 1.56% 34,502 $1.7M New
PULS Pgim Ultra Short Bond ETF 1.48% 33,200 $1.7M New
VLO Valero Energy Corp. 1.36% 9,660 $1.5M Add +10.2%
XMMO Invesco S&P Midcap Momentum 1.34% 13,125 $1.5M Add +7.9%
MINT PIMCO Enhanced Short Maturit 1.31% 14,506 $1.5M New
ABBV Abbvie Inc. 1.24% 8,067 $1.4M Add +19.1%
XLK SS Technology Select Sector 1.17% 5,745 $1.3M Reduce -23.6%
DUSA Davis Select US Equity ETF 1.15% 31,673 $1.3M Reduce -0.0%
PPA Invesco Aerospace & Defense 1.15% 12,460 $1.3M New
FDMO Fidelity Momentum Factor ETF 1.13% 19,818 $1.3M New
SPYG SS SPDR P S&P 500 Growth ETF 1.10% 15,323 $1.2M New
NVDA Nvidia Corp. 1.10% 9,937 $1.2M Add +41.0%
AUSF Global X Adaptive US Factor 1.10% 30,858 $1.2M Reduce -1.3%
KBWP Invesco KBW Property & Casua 1.09% 11,886 $1.2M Reduce -11.2%
AIRR First Trust Rba American Ind 1.09% 17,768 $1.2M New
SPHQ Invesco S&P 500 Quality ETF 1.08% 19,018 $1.2M New
AVGO Broadcom Inc. 1.08% 752 $1.2M Add +10.1%
GRPM Invesco S&P Midcap 400 Garp 1.08% 10,506 $1.2M New
MLPA Global X MLP ETF 1.06% 24,327 $1.2M Reduce -5.8%
AMZA Infracap MLP ETF 1.05% 28,586 $1.2M Reduce -5.1%
POCT Innovator U.S. Equity Power 1.05% 30,676 $1.2M New
XOM Exxon Mobil Corp. 1.05% 10,181 $1.2M Add +29.6%
VOOG Vanguard S&P 500 Growth ETF 1.04% 3,461 $1.2M New
IYE iShares U.S. Energy ETF 1.03% 23,845 $1.1M New
AAPL Apple Inc. 1.02% 5,422 $1.1M Add +3.8%
VST Vistra Corp. 1.02% 13,185 $1.1M Reduce -3.6%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 1.02% 14,668 $1.1M Reduce -52.1%
XLC SS Comm Select Sector SPDR 1.01% 13,201 $1.1M Add +5.2%
XMHQ Invesco S&P Midcap Qual ETF 1.01% 11,542 $1.1M New
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.99% 24,462 $1.1M Add +232.8%
UTES Virtus Reaves Utilities ETF 0.99% 21,223 $1.1M New
MSFT Microsoft Corp. 0.98% 2,432 $1.1M Add +47.4%
WMT Walmart Inc. 0.93% 15,292 $1.0M Add +0.6%
LOW Lowe's Cos Inc. 0.91% 4,604 $1.0M Add +0.5%
IYW iShares Ustechnology ETF 0.90% 6,672 $1.0M New
XLF SS Financial Select Sector 0.83% 22,419 $922K Add +12.5%
XLE SS Energy Select Sector 0.80% 9,834 $896K Add +138.5%
SCHA Schwab US Small-Cap ETF 0.75% 17,556 $833K Add +114.6%
ACWI iShares MSCI Acwi ETF 0.74% 7,378 $829K Add +72.5%
CVX Chevron Corp. 0.73% 5,174 $809K Add +21.2%
AMZN Amazon.com Inc. 0.67% 3,868 $747K Add +29.6%
XLI SS Industrial Select Sector 0.64% 5,856 $714K Add +12.6%
QUAL iShares MSCI USA Quality Fac 0.64% 4,171 $712K Reduce -38.6%
FLBL Franklin Senior Loan ETF 0.63% 28,684 $700K Add +108.2%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.63% 14,884 $699K Reduce -49.5%
JNJ Johnson & Johnson 0.60% 4,592 $671K Reduce -9.7%
KMB Kimberly-Clark Corp. 0.60% 4,829 $667K Add +24.6%
SCHB Schwab US Broad Market ETF 0.59% 10,524 $662K Add +47.9%
SCHG Schwab US Large-Cap Growth 0.58% 6,447 $650K New
JPM JPMorgan Chase & Co. 0.56% 3,112 $629K Add +3.9%
AMGN Amgen Inc. 0.55% 1,974 $617K Add +3.2%
PEP Pepsico Inc. 0.55% 3,709 $612K Add +4.2%
SILA Sila Realty Trust Inc. 0.55% 28,825 $610K New
TLT iShares 20+ Year Treasury BD 0.54% 6,600 $606K New
EFG iShares MSCI Eafe Growth ETF 0.54% 5,867 $600K New
CLOI Vaneck Clo ETF 0.53% 11,163 $591K New
PSX Phillips 66 0.51% 4,055 $572K Add +1.6%
PG The Procter & Gamble Co. 0.51% 3,453 $570K Add +39.6%
SCHZ Schwab US Aggregate Bond ETF 0.50% 12,325 $562K New
BKHY BNY Mellon High Yield ETF 0.50% 11,893 $561K Add +15.9%
EOG EOG Resources Inc. 0.49% 4,367 $550K Add +28.7%
COP Conocophillips 0.49% 4,784 $547K Add +2.9%
SSO Proshares Ultra S&P500 0.48% 6,458 $533K Add +9.8%
QCOM Qualcomm Inc. 0.48% 2,674 $533K Add +47.4%
CSCO Cisco Systems Inc. 0.46% 10,858 $516K Add +12.6%
HII Huntington Ingalls Industrie 0.45% 2,035 $501K Reduce -4.2%
BAH Booz Allen Hamilton Holdings 0.45% 3,242 $499K Add +11.9%
CL Colgate-Palmolive Co. 0.45% 5,127 $498K Add +9.5%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.43% 7,005 $477K New
GD General Dynamics Corp. 0.43% 1,643 $477K Add +1.2%
PFE Pfizer Inc. 0.42% 16,595 $464K Add +2.3%
BND Vanguard Total Bond Market 0.41% 6,293 $453K Reduce -5.4%
ETF SER SOLUTIONS 0.40% 18,000 $450K New
NXST Nexstar Media Group Inc. 0.37% 2,501 $415K Add +13.1%
XLV SS Health Care Select Sector 0.36% 2,771 $404K Add +41.2%
EFA iShares MSCI Eafe ETF 0.36% 5,153 $404K New
UVV Universal Corp. 0.36% 8,348 $402K Reduce -3.0%
LMT Lockheed Martin Corp. 0.36% 860 $402K Add +30.9%
DUK Duke Energy Corp. 0.36% 4,001 $401K Add +11.8%
META Meta Platforms Inc. Class A 0.36% 791 $399K Add +44.6%
IVE iShares S&P 500 Value ETF 0.35% 2,154 $392K New
INGR Ingredion Inc. 0.35% 3,413 $391K Add +11.8%
MBB iShares MBS ETF 0.34% 4,178 $384K New
TRGP Targa Resources Corp. 0.34% 2,927 $377K New
GOOGL Alphabet Inc. Class A 0.34% 2,057 $375K Add +4.8%
LLY Eli Lilly & Co. 0.33% 405 $367K New
VNOM Viper Energy Inc. 0.31% 9,168 $344K New
VET Vermilion Energy Inc. 0.30% 30,808 $339K No change
QQQM Invesco Nasdaq 100 ETF 0.30% 1,681 $331K Reduce -82.8%
FTEC Fidelity MSCI Info Tech Indx 0.30% 1,927 $331K Reduce -52.0%
SPMO Invesco S&P 500 Momentum ETF 0.30% 3,772 $330K Reduce -82.6%
SHYG iShares 0-5 YR HY Corp. Bond 0.30% 7,816 $330K Reduce -3.3%
CUBE Cubesmart 0.29% 7,265 $328K Add +12.1%

Show all 130 holdings

Portfolio Sells Q1 2024 → Q2 2024
IVV iShares Core S&P 500 ETF Sold out 0.00% −1.88
QQQM Invesco Nasdaq 100 ETF Reduce -82.8% 0.30% −1.81
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -52.1% 1.02% −1.79
SPMO Invesco S&P 500 Momentum ETF Reduce -82.6% 0.30% −1.75
QTEC First Trust Nasdq 100 Tech I Sold out 0.00% −1.57
DRUP Graniteshares Nasdaq Select Sold out 0.00% −1.51
PWB Invesco Large Cap Growth ETF Sold out 0.00% −1.48
XNTK SS SPDR Nyse Tech ETF Sold out 0.00% −1.42
JQUA JPMorgan US Quality Factor Sold out 0.00% −1.41
OEF iShares S&P 100 ETF Sold out 0.00% −1.40
GVIP Gold Sachs Hedge Ind Vip ETF Sold out 0.00% −1.19
QGRO American Century US Quality Sold out 0.00% −1.18
AMOM Qraft AI-Enh US LRG Cap MTM Sold out 0.00% −1.16
DYNF Ishrs US E F R A ETF-Usd Inc. Reduce -49.5% 0.63% −0.92
MTUM iShares MSCI USA Momentum Fa Sold out 0.00% −0.84
MMTM SS SPDR S&P 1500 Mom Tilt Sold out 0.00% −0.78
IWM iShares Russell 2000 ETF Sold out 0.00% −0.74
XLK SS Technology Select Sector Reduce -23.6% 1.17% −0.68
QUAL iShares MSCI USA Quality Fac Reduce -38.6% 0.64% −0.68
KBWP Invesco KBW Property & Casua Reduce -11.2% 1.09% −0.61
ILCG iShares Morningstar Growth E Sold out 0.00% −0.58
FTEC Fidelity MSCI Info Tech Indx Reduce -52.0% 0.30% −0.44
CGGR Cap Group Growth Equity Sold out 0.00% −0.43
MGC Vngrd Mrngstr MG Cap ETF-Usd Sold out 0.00% −0.42
AMZA Infracap MLP ETF Reduce -5.1% 1.05% −0.41
MLPA Global X MLP ETF Reduce -5.8% 1.06% −0.41
AUSF Global X Adaptive US Factor Reduce -1.3% 1.10% −0.41
XLRE SS Real Estate Select Sector Sold out 0.00% −0.39
SLB SLB Ltd. Sold out 0.00% −0.36
DUSA Davis Select US Equity ETF Reduce -0.0% 1.15% −0.35
JNJ Johnson & Johnson Reduce -9.7% 0.60% −0.35
NSP Insperity Inc. Sold out 0.00% −0.32
HII Huntington Ingalls Industrie Reduce -4.2% 0.45% −0.28
MSM MSC Industrial Direct Co. Class A Sold out 0.00% −0.27
ANGL Vaneck Fallen Angel High YLD Sold out 0.00% −0.25
UVV Universal Corp. Reduce -3.0% 0.36% −0.16
BND Vanguard Total Bond Market Reduce -5.4% 0.41% −0.16
BWXT BWX Technologies Inc. Reduce -2.8% 0.27% −0.13
SHYG iShares 0-5 YR HY Corp. Bond Reduce -3.3% 0.30% −0.11
RIO Rio Tinto PLC-Spon ADR Reduce -7.5% 0.29% −0.11
VST Vistra Corp. Reduce -3.6% 1.02% −0.11
BHP BHP Group Ltd.-Spon ADR Reduce -2.5% 0.23% −0.08
FDX FedEx Corp. Reduce -7.8% 0.20% −0.07
PAYO Payoneer Global Inc. Sold out 0.00% −0.07

Portfolio Buys Q1 2024 → Q2 2024
ITOT iShares Core S&P Total U.S. Add +1801.3% 8.64% +8.06
IVW iShares S&P 500 Growth ETF New 1.83% +1.83
JPST JPMorgan Ultra-Short Income New 1.56% +1.56
SPYM Ste STR SPDR PT S&P 500 ETF Add +508.2% 1.88% +1.49
PULS Pgim Ultra Short Bond ETF New 1.48% +1.48
MINT PIMCO Enhanced Short Maturit New 1.31% +1.31
PPA Invesco Aerospace & Defense New 1.15% +1.15
FDMO Fidelity Momentum Factor ETF New 1.13% +1.13
SPYG SS SPDR P S&P 500 Growth ETF New 1.10% +1.10
AIRR First Trust Rba American Ind New 1.09% +1.09
SPHQ Invesco S&P 500 Quality ETF New 1.08% +1.08
GRPM Invesco S&P Midcap 400 Garp New 1.08% +1.08
POCT Innovator U.S. Equity Power New 1.05% +1.05
VOOG Vanguard S&P 500 Growth ETF New 1.04% +1.04
IYE iShares U.S. Energy ETF New 1.03% +1.03
XMHQ Invesco S&P Midcap Qual ETF New 1.01% +1.01
UTES Virtus Reaves Utilities ETF New 0.99% +0.99
IYW iShares Ustechnology ETF New 0.90% +0.90
IUSB Ishr CR Unvrse Usd BD ETF-Ui Add +232.8% 0.99% +0.60
SCHG Schwab US Large-Cap Growth New 0.58% +0.58
SILA Sila Realty Trust Inc. New 0.55% +0.55
TLT iShares 20+ Year Treasury BD New 0.54% +0.54
EFG iShares MSCI Eafe Growth ETF New 0.54% +0.54
CLOI Vaneck Clo ETF New 0.53% +0.53
SCHZ Schwab US Aggregate Bond ETF New 0.50% +0.50
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.43% +0.43
ETF SER SOLUTIONS New 0.40% +0.40
EFA iShares MSCI Eafe ETF New 0.36% +0.36
IVE iShares S&P 500 Value ETF New 0.35% +0.35
NVDA Nvidia Corp. Add +41.0% 1.10% +0.35
XLE SS Energy Select Sector Add +138.5% 0.80% +0.35
MBB iShares MBS ETF New 0.34% +0.34
TRGP Targa Resources Corp. New 0.34% +0.34
LLY Eli Lilly & Co. New 0.33% +0.33
VNOM Viper Energy Inc. New 0.31% +0.31
FBCG Fidelity Blue Chip Grow ETF New 0.29% +0.29
CGDV Cap Group Dividend Value New 0.27% +0.27
COST Costco Wholesale Corp. New 0.27% +0.27
SCHA Schwab US Small-Cap ETF Add +114.6% 0.75% +0.27
BIL SS SPDR BB 1-3M T-Bill ETF New 0.27% +0.27
TSLA Tesla Inc. New 0.24% +0.24
FLBL Franklin Senior Loan ETF Add +108.2% 0.63% +0.23
IEMG iShares Core MSCI Emerging New 0.22% +0.22
EFV iShares MSCI Eafe Value ETF New 0.21% +0.21
KO The Coca-Cola Co. New 0.21% +0.21
EMXC iShares MSCI Emr MRK Ex Chna New 0.19% +0.19
ACWI iShares MSCI Acwi ETF Add +72.5% 0.74% +0.19
MPC Marathon Petroleum Corp. New 0.18% +0.18
GS Goldman Sachs Group Inc. New 0.18% +0.18
V Visa Inc. Class A New 0.18% +0.18

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