Fulcrum Equity Management
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 22, 2024), Fulcrum Equity Management reported 137 stock positions worth $118.4 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, 3.6%). Compared with Q2 2024, it opened 29 new positions, sold out of 22, added to 52 and reduced 52. The biggest buy was SS Technology Select Sector (XLK, shares +188%) and the biggest sale an exit from Invesco S&P Midcap Momentum (XMMO).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001737888
- Portfolio Value
- $118.4M (Q3 2024)
- SEC Filing
- 0001737888-24-000007 ↗ filed Nov 22, 2024
Holdings Value
Holdings 137 stocks · $118.4M
| ITOT iShares Core S&P Total U.S. | 8.57% | 80,766 | $10.1M | Reduce -0.3% |
| URTH iShares MSCI World ETF | 6.12% | 46,192 | $7.2M | No change |
| OKE Oneok Inc. | 3.59% | 46,681 | $4.3M | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.40% | 7,008 | $4.0M | Add +13.5% |
| XLK SS Technology Select Sector | 3.15% | 16,518 | $3.7M | Add +187.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.71% | 4,410 | $2.0M | No change |
| XLF SS Financial Select Sector | 1.60% | 41,850 | $1.9M | Add +86.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.55% | 27,235 | $1.8M | Reduce -16.9% |
| VST Vistra Corp. | 1.36% | 13,549 | $1.6M | Add +2.8% |
| RSP Invesco S&P 500 Equal Weight | 1.35% | 8,903 | $1.6M | Add +566.4% |
| UTES Virtus Reaves Utilities ETF | 1.24% | 22,935 | $1.5M | Add +8.1% |
| NVDA Nvidia Corp. | 1.23% | 11,968 | $1.5M | Add +20.4% |
| XLC SS Comm Select Sector SPDR | 1.22% | 15,917 | $1.4M | Add +20.6% |
| ABBV Abbvie Inc. | 1.20% | 7,205 | $1.4M | Reduce -10.7% |
| PPA Invesco Aerospace & Defense | 1.15% | 11,864 | $1.4M | Reduce -4.8% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.12% | 28,115 | $1.3M | Add +14.9% |
| KIE SS SPDR S&P Insurance ETF | 1.12% | 23,323 | $1.3M | New |
| TPYP Managed Portfolio Series | 1.10% | 41,679 | $1.3M | New |
| AAPL Apple Inc. | 1.07% | 5,433 | $1.3M | Add +0.2% |
| WMT Walmart Inc. | 1.05% | 15,329 | $1.2M | Add +0.2% |
| SPHQ Invesco S&P 500 Quality ETF | 1.04% | 18,284 | $1.2M | Reduce -3.9% |
| ENFR Alerian Energy Infrastructur | 1.04% | 43,497 | $1.2M | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.03% | 15,255 | $1.2M | Add +4.0% |
| EINC Vaneck Energy Income ETF | 1.03% | 14,351 | $1.2M | New |
| XLV SS Health Care Select Sector | 1.03% | 7,894 | $1.2M | Add +184.9% |
| EMLP First Trust North American E | 0.99% | 34,987 | $1.2M | New |
| IDU iShares US Utilities ETF | 0.99% | 11,497 | $1.2M | New |
| MLPX Global X MLP & Energy Infras | 0.99% | 21,437 | $1.2M | New |
| ACIO Aptus Collared Invest Opp | 0.98% | 29,313 | $1.2M | New |
| POCT Innovator U.S. Equity Power | 0.97% | 29,384 | $1.1M | Reduce -4.2% |
| IAK iShares U.S. Insurance ETF | 0.96% | 8,822 | $1.1M | New |
| AMZA Infracap MLP ETF | 0.95% | 27,770 | $1.1M | Reduce -2.9% |
| MLPA Global X MLP ETF | 0.95% | 23,491 | $1.1M | Reduce -3.4% |
| XLI SS Industrial Select Sector | 0.95% | 8,305 | $1.1M | Add +41.8% |
| VLO Valero Energy Corp. | 0.94% | 8,264 | $1.1M | Reduce -14.4% |
| IYW iShares Ustechnology ETF | 0.90% | 7,012 | $1.1M | Add +5.1% |
| JPST JPMorgan Ultra-Short Income | 0.87% | 20,256 | $1.0M | Reduce -41.3% |
| MINT PIMCO Enhanced Short Maturit | 0.84% | 9,910 | $998K | Reduce -31.7% |
| SCHA Schwab US Small-Cap ETF | 0.83% | 19,115 | $984K | Add +8.9% |
| LOW Lowe's Cos Inc. | 0.82% | 3,595 | $974K | Reduce -21.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.81% | 11,838 | $956K | Add +69.0% |
| PULS Pgim Ultra Short Bond ETF | 0.76% | 18,066 | $899K | Reduce -45.6% |
| XOM Exxon Mobil Corp. | 0.73% | 7,412 | $869K | Reduce -27.2% |
| SILA Sila Realty Trust Inc. | 0.71% | 33,243 | $841K | Add +15.3% |
| IVW iShares S&P 500 Growth ETF | 0.64% | 7,973 | $763K | Reduce -63.8% |
| SCHB Schwab US Broad Market ETF | 0.63% | 11,192 | $744K | Add +6.3% |
| RECS Columbia Resear Enh Cor ETF | 0.63% | 21,921 | $743K | New |
| MSFT Microsoft Corp. | 0.60% | 1,656 | $713K | Reduce -31.9% |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | 0.59% | 13,292 | $699K | New |
| SCHG Schwab US Large-Cap Growth | 0.58% | 6,628 | $690K | Add +2.8% |
| QUAL iShares MSCI USA Quality Fac | 0.58% | 3,838 | $688K | Reduce -8.0% |
| FLBL Franklin Senior Loan ETF | 0.58% | 28,315 | $687K | Reduce -1.3% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.57% | 13,557 | $671K | Reduce -8.9% |
| JPM JPMorgan Chase & Co. | 0.56% | 3,133 | $661K | Add +0.7% |
| CLOI Vaneck Clo ETF | 0.54% | 12,078 | $641K | Add +8.2% |
| AMGN Amgen Inc. | 0.54% | 1,988 | $640K | Add +0.7% |
| TLT iShares 20+ Year Treasury BD | 0.54% | 6,527 | $640K | Reduce -1.1% |
| JNJ Johnson & Johnson | 0.54% | 3,927 | $636K | Reduce -14.5% |
| COP Conocophillips | 0.53% | 5,939 | $625K | Add +24.1% |
| XLP SS Consumer Staples Sel Sect | 0.52% | 7,422 | $616K | New |
| EFV iShares MSCI Eafe Value ETF | 0.51% | 10,434 | $600K | Add +131.5% |
| BKHY BNY Mellon High Yield ETF | 0.50% | 12,071 | $590K | Add +1.5% |
| PEP Pepsico Inc. | 0.49% | 3,446 | $586K | Reduce -7.1% |
| CVX Chevron Corp. | 0.48% | 3,869 | $570K | Reduce -25.2% |
| KMB Kimberly-Clark Corp. | 0.48% | 3,977 | $566K | Reduce -17.6% |
| COST Costco Wholesale Corp. | 0.47% | 633 | $561K | Add +76.8% |
| HII Huntington Ingalls Industrie | 0.47% | 2,114 | $559K | Add +3.9% |
| XLY SS Consumer Disc Select Sect | 0.47% | 2,784 | $558K | Add +76.4% |
| PG The Procter & Gamble Co. | 0.47% | 3,215 | $557K | Reduce -6.9% |
| INGR Ingredion Inc. | 0.47% | 4,033 | $554K | Add +18.2% |
| XLRE SS Real Estate Select Sector | 0.47% | 12,370 | $553K | New |
| CL Colgate-Palmolive Co. | 0.46% | 5,280 | $548K | Add +3.0% |
| EFG iShares MSCI Eafe Growth ETF | 0.45% | 4,981 | $536K | Reduce -15.1% |
| LMT Lockheed Martin Corp. | 0.44% | 900 | $526K | Add +4.7% |
| PSX Phillips 66 | 0.44% | 3,970 | $522K | Reduce -2.1% |
| META Meta Platforms Inc. Class A | 0.43% | 894 | $512K | Add +13.0% |
| AVGO Broadcom Inc. | 0.43% | 2,929 | $505K | Reduce -61.0% |
| LLY Eli Lilly & Co. | 0.42% | 562 | $498K | Add +38.8% |
| AMZN Amazon.com Inc. | 0.41% | 2,605 | $485K | Reduce -32.6% |
| GOOGL Alphabet Inc. Class A | 0.41% | 2,924 | $485K | Add +42.1% |
| SCHZ Schwab US Aggregate Bond ETF | 0.41% | 10,178 | $484K | Reduce -17.4% |
| GD General Dynamics Corp. | 0.41% | 1,599 | $483K | Reduce -2.7% |
| ETF SER SOLUTIONS | 0.41% | 19,000 | $481K | Add +5.6% |
| BND Vanguard Total Bond Market | 0.40% | 6,293 | $473K | No change |
| BAH Booz Allen Hamilton Holdings | 0.40% | 2,894 | $471K | Reduce -10.7% |
| DUK Duke Energy Corp. | 0.39% | 4,029 | $465K | Add +0.7% |
| TRGP Targa Resources Corp. | 0.39% | 3,135 | $464K | Add +7.1% |
| UVV Universal Corp. | 0.39% | 8,723 | $463K | Add +4.5% |
| EOG EOG Resources Inc. | 0.39% | 3,767 | $463K | Reduce -13.7% |
| XLE SS Energy Select Sector | 0.39% | 5,205 | $457K | Reduce -47.1% |
| PFE Pfizer Inc. | 0.37% | 15,274 | $442K | Reduce -8.0% |
| VNOM Viper Energy Inc. | 0.36% | 9,543 | $430K | Add +4.1% |
| SBUX Starbucks Corp. | 0.34% | 4,119 | $402K | Add +38.8% |
| NXST Nexstar Media Group Inc. | 0.34% | 2,415 | $399K | Reduce -3.4% |
| IVE iShares S&P 500 Value ETF | 0.34% | 2,024 | $399K | Reduce -6.0% |
| SSO Proshares Ultra S&P500 | 0.33% | 4,379 | $395K | Reduce -32.2% |
| ACWI iShares MSCI Acwi ETF | 0.32% | 3,167 | $379K | Reduce -57.1% |
| D Dominion Energy Inc. | 0.32% | 6,504 | $376K | Add +1.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.32% | 4,084 | $375K | Add +24.3% |
| BWXT BWX Technologies Inc. | 0.31% | 3,337 | $363K | Add +4.0% |
Portfolio Sells Q2 2024 → Q3 2024
| XMMO Invesco S&P Midcap Momentum | Sold out | 0.00% | −1.34 |
| IVW iShares S&P 500 Growth ETF | Reduce -63.8% | 0.64% | −1.18 |
| DUSA Davis Select US Equity ETF | Sold out | 0.00% | −1.15 |
| FDMO Fidelity Momentum Factor ETF | Sold out | 0.00% | −1.13 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −1.10 |
| AUSF Global X Adaptive US Factor | Sold out | 0.00% | −1.10 |
| KBWP Invesco KBW Property & Casua | Sold out | 0.00% | −1.09 |
| AIRR First Trust Rba American Ind | Sold out | 0.00% | −1.09 |
| GRPM Invesco S&P Midcap 400 Garp | Sold out | 0.00% | −1.08 |
| VOOG Vanguard S&P 500 Growth ETF | Sold out | 0.00% | −1.04 |
| IYE iShares U.S. Energy ETF | Sold out | 0.00% | −1.03 |
| XMHQ Invesco S&P Midcap Qual ETF | Sold out | 0.00% | −1.01 |
| PULS Pgim Ultra Short Bond ETF | Reduce -45.6% | 0.76% | −0.72 |
| JPST JPMorgan Ultra-Short Income | Reduce -41.3% | 0.87% | −0.69 |
| AVGO Broadcom Inc. | Reduce -61.0% | 0.43% | −0.66 |
| MINT PIMCO Enhanced Short Maturit | Reduce -31.7% | 0.84% | −0.47 |
| ACWI iShares MSCI Acwi ETF | Reduce -57.1% | 0.32% | −0.42 |
| XLE SS Energy Select Sector | Reduce -47.1% | 0.39% | −0.42 |
| VLO Valero Energy Corp. | Reduce -14.4% | 0.94% | −0.42 |
| MSFT Microsoft Corp. | Reduce -31.9% | 0.60% | −0.37 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -16.9% | 1.55% | −0.33 |
| XOM Exxon Mobil Corp. | Reduce -27.2% | 0.73% | −0.32 |
| SPMO Invesco S&P 500 Momentum ETF | Sold out | 0.00% | −0.30 |
| CUBE Cubesmart | Sold out | 0.00% | −0.29 |
| FBCG Fidelity Blue Chip Grow ETF | Sold out | 0.00% | −0.29 |
| CGDV Cap Group Dividend Value | Sold out | 0.00% | −0.27 |
| AMZN Amazon.com Inc. | Reduce -32.6% | 0.41% | −0.26 |
| CVX Chevron Corp. | Reduce -25.2% | 0.48% | −0.24 |
| RDIV Invesco S&P Ultra Dividend | Sold out | 0.00% | −0.24 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.23 |
| CSCO Cisco Systems Inc. | Reduce -52.0% | 0.23% | −0.23 |
| DOW Dow Inc. | Sold out | 0.00% | −0.22 |
| IEMG iShares Core MSCI Emerging | Sold out | 0.00% | −0.22 |
| QCOM Qualcomm Inc. | Reduce -24.1% | 0.29% | −0.19 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.18 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.18 |
| SSO Proshares Ultra S&P500 | Reduce -32.2% | 0.33% | −0.15 |
| SLVP iShares MSCI Global Silver A | Sold out | 0.00% | −0.13 |
| KMB Kimberly-Clark Corp. | Reduce -17.6% | 0.48% | −0.12 |
| MLPA Global X MLP ETF | Reduce -3.4% | 0.95% | −0.11 |
| AMZA Infracap MLP ETF | Reduce -2.9% | 0.95% | −0.10 |
| EOG EOG Resources Inc. | Reduce -13.7% | 0.39% | −0.10 |
| UPS United Parcel Service Class B | Reduce -29.8% | 0.19% | −0.10 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -17.4% | 0.41% | −0.10 |
| LOW Lowe's Cos Inc. | Reduce -21.9% | 0.82% | −0.09 |
| POCT Innovator U.S. Equity Power | Reduce -4.2% | 0.97% | −0.09 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -15.1% | 0.45% | −0.09 |
| PSX Phillips 66 | Reduce -2.1% | 0.44% | −0.07 |
| EFA iShares MSCI Eafe ETF | Reduce -19.3% | 0.29% | −0.07 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.3% | 8.57% | −0.07 |
Portfolio Buys Q2 2024 → Q3 2024
| XLK SS Technology Select Sector | Add +187.5% | 3.15% | +1.98 |
| RSP Invesco S&P 500 Equal Weight | Add +566.4% | 1.35% | +1.15 |
| KIE SS SPDR S&P Insurance ETF | New | 1.12% | +1.12 |
| TPYP Managed Portfolio Series | New | 1.10% | +1.10 |
| ENFR Alerian Energy Infrastructur | New | 1.04% | +1.04 |
| EINC Vaneck Energy Income ETF | New | 1.03% | +1.03 |
| EMLP First Trust North American E | New | 0.99% | +0.99 |
| IDU iShares US Utilities ETF | New | 0.99% | +0.99 |
| MLPX Global X MLP & Energy Infras | New | 0.99% | +0.99 |
| ACIO Aptus Collared Invest Opp | New | 0.98% | +0.98 |
| IAK iShares U.S. Insurance ETF | New | 0.96% | +0.96 |
| XLF SS Financial Select Sector | Add +86.7% | 1.60% | +0.77 |
| XLV SS Health Care Select Sector | Add +184.9% | 1.03% | +0.66 |
| RECS Columbia Resear Enh Cor ETF | New | 0.63% | +0.63 |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | New | 0.59% | +0.59 |
| XLP SS Consumer Staples Sel Sect | New | 0.52% | +0.52 |
| XLRE SS Real Estate Select Sector | New | 0.47% | +0.47 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +13.5% | 3.40% | +0.38 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +69.0% | 0.81% | +0.38 |
| VST Vistra Corp. | Add +2.8% | 1.36% | +0.34 |
| XLI SS Industrial Select Sector | Add +41.8% | 0.95% | +0.31 |
| EFV iShares MSCI Eafe Value ETF | Add +131.5% | 0.51% | +0.29 |
| UTES Virtus Reaves Utilities ETF | Add +8.1% | 1.24% | +0.25 |
| NRG NRG Energy Inc. | New | 0.23% | +0.23 |
| XLB SS Materials Select Sector | New | 0.22% | +0.22 |
| AHR American Healthcare REIT Inc. | New | 0.22% | +0.22 |
| OKE Oneok Inc. | Add +1.1% | 3.59% | +0.22 |
| INCO Columbia India Consumer ETF | New | 0.21% | +0.21 |
| XLY SS Consumer Disc Select Sect | Add +76.4% | 0.47% | +0.21 |
| SPHD Invesco S&P 500 High Dividen | New | 0.21% | +0.21 |
| PVAL Putnam Focused LRG Cap Value | New | 0.21% | +0.21 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | New | 0.21% | +0.21 |
| SPLV Invesco S&P 500 Low Volatili | New | 0.21% | +0.21 |
| ABT Abbott Laboratories | New | 0.20% | +0.20 |
| COST Costco Wholesale Corp. | Add +76.8% | 0.47% | +0.20 |
| XLC SS Comm Select Sector SPDR | Add +20.6% | 1.22% | +0.20 |
| GEV GE Vernova Inc. | New | 0.18% | +0.18 |
| RY Royal Bank of Canada | New | 0.18% | +0.18 |
| IVV iShares Core S&P 500 ETF | New | 0.18% | +0.18 |
| FANG Diamondback Energy Inc. | New | 0.17% | +0.17 |
| EME Emcor Group Inc. | New | 0.17% | +0.17 |
| MSM MSC Industrial Direct Co. Class A | New | 0.17% | +0.17 |
| SPGI S&P Global Inc. | New | 0.17% | +0.17 |
| SILA Sila Realty Trust Inc. | Add +15.3% | 0.71% | +0.16 |
| SBUX Starbucks Corp. | Add +38.8% | 0.34% | +0.13 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +14.9% | 1.12% | +0.13 |
| NVDA Nvidia Corp. | Add +20.4% | 1.23% | +0.13 |
| INGR Ingredion Inc. | Add +18.2% | 0.47% | +0.12 |
| WMT Walmart Inc. | Add +0.2% | 1.05% | +0.12 |
| LLY Eli Lilly & Co. | Add +38.8% | 0.42% | +0.09 |
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 |