Fulcrum Equity Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 2, 2026), Fulcrum Equity Management reported 123 stock positions worth $102.7 million. Its top holding was iShares Core S&P Total U.S. (ITOT) at 10.4% of the portfolio, followed by iShares MSCI World ETF (URTH, 8.1%) and Oneok (OKE, 4.5%). Compared with Q4 2025, it opened 33 new positions, sold out of 27, added to 42 and reduced 36. The biggest buy was a new position in Schwab US DVD Equity ETF (SCHD) and the biggest sale an exit from Invesco Nasdaq 100 ETF (QQQM).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001737888
- Portfolio Value
- $102.7M (Q1 2026)
- SEC Filing
- 0001737888-26-000004 ↗ filed Apr 2, 2026
Holdings Value
Holdings 123 stocks · $102.7M
| ITOT iShares Core S&P Total U.S. | 10.36% | 74,708 | $10.6M | Reduce -3.8% |
| URTH iShares MSCI World ETF | 8.09% | 46,192 | $8.3M | No change |
| OKE Oneok Inc. | 4.54% | 51,550 | $4.7M | Add +1.3% |
| XLK SS Technology Select Sector | 4.50% | 34,759 | $4.6M | Reduce -14.1% |
| NVDA Nvidia Corp. | 3.86% | 22,738 | $4.0M | Add +7.7% |
| AAPL Apple Inc. | 2.58% | 10,426 | $2.6M | Add +13.7% |
| SCHD Schwab US DVD Equity ETF | 2.27% | 76,153 | $2.3M | New |
| WMT Walmart Inc. | 2.04% | 16,832 | $2.1M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.88% | 4,030 | $1.9M | Reduce -0.0% |
| XLE SS Energy Select Sector | 1.73% | 29,055 | $1.8M | New |
| XLC SS Comm Select Sector SPDR | 1.73% | 16,005 | $1.8M | Reduce -17.1% |
| GOOGL Alphabet Inc. Class A | 1.63% | 5,838 | $1.7M | Add +0.7% |
| XLV SS Health Care Select Sector | 1.41% | 9,854 | $1.4M | Reduce -8.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.40% | 18,789 | $1.4M | Add +27.3% |
| AMZN Amazon.com Inc. | 1.38% | 6,806 | $1.4M | Reduce -4.5% |
| XLI SS Industrial Select Sector | 1.38% | 8,736 | $1.4M | Add +30.6% |
| XLF SS Financial Select Sector | 1.36% | 28,312 | $1.4M | Reduce -26.2% |
| XLY SS Consumer Disc Select Sect | 1.21% | 11,383 | $1.2M | Reduce -20.1% |
| MSFT Microsoft Corp. | 1.20% | 3,319 | $1.2M | Reduce -7.0% |
| SPLV Invesco S&P 500 Low Volatili | 1.10% | 15,440 | $1.1M | New |
| JPM JPMorgan Chase & Co. | 1.07% | 3,746 | $1.1M | Add +2.0% |
| TSLA Tesla Inc. | 0.95% | 2,621 | $974K | Add +4.7% |
| AVGO Broadcom Inc. | 0.94% | 3,124 | $967K | Add +2.1% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.87% | 676 | $893K | Add +6.8% |
| XLP SS Consumer Staples Sel Sect | 0.86% | 10,783 | $884K | New |
| IVE iShares S&P 500 Value ETF | 0.84% | 4,075 | $860K | Reduce -14.2% |
| META Meta Platforms Inc. Class A | 0.83% | 1,499 | $858K | Reduce -18.8% |
| GEV GE Vernova Inc. | 0.82% | 970 | $847K | Add +0.2% |
| LLY Eli Lilly & Co. | 0.82% | 915 | $842K | Add +19.8% |
| LOW Lowe's Cos Inc. | 0.81% | 3,544 | $837K | Add +0.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.79% | 17,618 | $808K | Reduce -11.5% |
| LDUR PIMCO Enhanced Low Duration | 0.78% | 8,362 | $801K | New |
| AVSF Avantis Short-Term Fixed Inc. | 0.78% | 17,107 | $801K | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.75% | 8,452 | $775K | New |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.75% | 13,303 | $774K | Reduce -34.4% |
| XOM Exxon Mobil Corp. | 0.73% | 4,422 | $750K | Add +4.2% |
| SILA Sila Realty Trust Inc. | 0.71% | 30,802 | $729K | Add +0.4% |
| LST Leuthold Sel Ind filed as MANAGED PORTFOLIO SERIES | 0.70% | 17,802 | $720K | New |
| IVW iShares S&P 500 Growth ETF | 0.69% | 6,222 | $704K | Add +3.0% |
| SCHB Schwab US Broad Market ETF | 0.68% | 27,885 | $700K | Reduce -33.6% |
| GSY Invesco Ultra Short Duration | 0.67% | 13,687 | $686K | New |
| SLV iShares Silver Trust | 0.62% | 9,335 | $636K | Add +0.8% |
| REMX Vaneck Rar Earth ND STG-Usdi | 0.61% | 7,100 | $625K | Reduce -7.5% |
| SIVR Abrdn Physical Silver Shares | 0.61% | 8,700 | $623K | No change |
| COST Costco Wholesale Corp. | 0.59% | 610 | $608K | Add +1.2% |
| GS Goldman Sachs Group Inc. | 0.58% | 706 | $597K | Add +2.6% |
| APH Amphenol Corp. Class A | 0.57% | 4,606 | $582K | Add +11.3% |
| KAMO Kensington Credit Opport ETF filed as MANAGED PORTFOLIO SERIES | 0.56% | 23,369 | $577K | Reduce -6.8% |
| CORO Ish Intl CTRY Rot Act ETF | 0.54% | 17,363 | $558K | New |
| XLB SS Materials Select Sector | 0.54% | 11,128 | $556K | New |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.53% | 11,735 | $542K | Add +1.3% |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 0.52% | 11,610 | $532K | Add +2.4% |
| GLTR Abrdn Precious Metals Basket | 0.52% | 2,425 | $530K | No change |
| DUK Duke Energy Corp. | 0.51% | 3,972 | $520K | Add +0.6% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.51% | 7,589 | $520K | New |
| AHR American Healthcare REIT Inc. | 0.45% | 9,905 | $467K | No change |
| KHPI Kensington Hedged PRM in ETF filed as MANAGED PORTFOLIO SERIES | 0.43% | 18,131 | $439K | Add +7.7% |
| SCHZ Schwab US Aggregate Bond ETF | 0.41% | 18,254 | $424K | Add +1.0% |
| XES SS SPDR S&P Og Eqp & Serv | 0.41% | 3,635 | $423K | New |
| PXJ Invesco Oil & Gas Services E | 0.41% | 10,147 | $421K | New |
| AMAT Applied Materials Inc. | 0.40% | 1,203 | $411K | Add +19.8% |
| IAU iShares Gold Trust | 0.39% | 4,560 | $402K | Add +2.1% |
| NFLX Netflix Inc. | 0.38% | 4,081 | $392K | Reduce -4.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.38% | 1,155 | $390K | Add +17.6% |
| AVEM Avantis Emerging Markets Eq | 0.38% | 4,804 | $387K | Add +6.0% |
| GLD SPDR Gold Shares | 0.37% | 895 | $385K | No change |
| BAI Ishrs AI in and Tech Act ETF | 0.37% | 11,543 | $380K | Add +1.5% |
| LRCX Lam Research Corp. | 0.37% | 1,768 | $378K | Add +30.6% |
| GOVT iShares US Treasury Bond ETF | 0.36% | 16,000 | $367K | New |
| QUAL iShares MSCI USA Quality Fac | 0.35% | 1,890 | $362K | No change |
| THRO iShares U.S. Thematic Rotati | 0.35% | 9,833 | $356K | Add +0.0% |
| IYW iShares Ustechnology ETF | 0.34% | 1,940 | $352K | Reduce -77.8% |
| JCI Johnson Controls Internation | 0.34% | 2,686 | $352K | Add +1.3% |
| SPMO Invesco S&P 500 Momentum ETF | 0.34% | 3,130 | $351K | Reduce -0.5% |
| GE General Electric filed as GE AEROSPACE | 0.34% | 1,230 | $349K | Add +6.8% |
| FTXL First Trust Nasdaq Semicondu | 0.33% | 2,318 | $342K | Reduce -12.6% |
| ASTS Ast Spacemobile Inc. | 0.33% | 4,094 | $339K | New |
| V Visa Inc. Class A | 0.33% | 1,109 | $335K | Reduce -4.8% |
| PLTR Palantir Technologies Inc. Class A | 0.32% | 2,247 | $329K | Reduce -6.1% |
| MOO Vaneck Agribusiness ETF | 0.31% | 3,813 | $322K | New |
| EFV iShares MSCI Eafe Value ETF | 0.30% | 4,142 | $308K | Reduce -54.0% |
| RSPG Invesco S&P 500 Equal Weight | 0.30% | 2,788 | $305K | New |
| TTE Totalenergies SE | 0.30% | 3,343 | $304K | No change |
| RY Royal Bank of Canada | 0.29% | 1,846 | $299K | Add +1.4% |
| PSI Invesco Semiconductors ETF | 0.29% | 3,164 | $299K | Reduce -19.6% |
| KO The Coca-Cola Co. | 0.29% | 3,901 | $297K | Add +0.8% |
| ABBV Abbvie Inc. | 0.29% | 1,355 | $295K | Add +3.4% |
| MBB iShares MBS ETF | 0.29% | 3,088 | $293K | Add +0.2% |
| SHLD Global X Defense Tech ETF | 0.29% | 4,138 | $293K | New |
| ROKT SS SPDR S&P Kensho FF ETF | 0.28% | 2,926 | $291K | New |
| GRNY Fundstr Gran SH US LRG Cap | 0.28% | 11,875 | $283K | Reduce -68.7% |
| NBIS Nebius Group NV | 0.28% | 2,727 | $283K | Reduce -4.2% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.27% | 3,352 | $277K | No change |
| NVS Novartis AG-Sponsored ADR | 0.27% | 1,805 | $276K | No change |
| BLCR iShares LRG CP CR Act ETF-Ui | 0.27% | 6,632 | $272K | New |
| IAGG iShares Intl Aggregate Bond | 0.26% | 5,322 | $266K | Add +2.5% |
| KNCT Invesco Next Gen Connectivit | 0.26% | 1,910 | $265K | Reduce -15.9% |
| ALKT Alkami Technology Inc. | 0.26% | 16,850 | $264K | New |
| ENB Enbridge Inc. | 0.25% | 4,810 | $260K | Add +2.0% |
| ORCL Oracle Corp. | 0.25% | 1,759 | $259K | Reduce -9.2% |
Options reported separately and not counted above: TSLA puts ($433K), TSLA calls ($298K), ARKG calls ($26K), TLT calls ($7K).
Portfolio Sells Q4 2025 → Q1 2026
| QQQM Invesco Nasdaq 100 ETF | Sold out | 0.00% | −1.65 |
| IYW iShares Ustechnology ETF | Reduce -77.8% | 0.34% | −1.33 |
| XLK SS Technology Select Sector | Reduce -14.1% | 4.50% | −1.08 |
| XLG Invesco S&P 500 Top 50 ETF | Sold out | 0.00% | −1.01 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.92 |
| FTEC Fidelity MSCI Info Tech Indx | Sold out | 0.00% | −0.76 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.76 |
| ITOT iShares Core S&P Total U.S. | Reduce -3.8% | 10.36% | −0.70 |
| XLF SS Financial Select Sector | Reduce -26.2% | 1.36% | −0.65 |
| GRNY Fundstr Gran SH US LRG Cap | Reduce -68.7% | 0.28% | −0.62 |
| SCHG Schwab US Large-Cap Growth | Reduce -68.9% | 0.24% | −0.61 |
| IWC iShares Micro-Cap ETF | Sold out | 0.00% | −0.49 |
| IEMG iShares Core MSCI Emerging | Sold out | 0.00% | −0.46 |
| MSFT Microsoft Corp. | Reduce -7.0% | 1.20% | −0.46 |
| XLC SS Comm Select Sector SPDR | Reduce -17.1% | 1.73% | −0.45 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -34.4% | 0.75% | −0.43 |
| XLY SS Consumer Disc Select Sect | Reduce -20.1% | 1.21% | −0.42 |
| SCHB Schwab US Broad Market ETF | Reduce -33.6% | 0.68% | −0.37 |
| SBIO Alps Medical Breakthroughs | Sold out | 0.00% | −0.37 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.34 |
| VONG Vanguard Russell 1000 Growth | Sold out | 0.00% | −0.34 |
| META Meta Platforms Inc. Class A | Reduce -18.8% | 0.83% | −0.33 |
| PKB Invesco Building & Construct | Sold out | 0.00% | −0.33 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.32 |
| EFV iShares MSCI Eafe Value ETF | Reduce -54.0% | 0.30% | −0.32 |
| AIRR First Trust Rba American Ind | Sold out | 0.00% | −0.31 |
| FYC First Trust Small Cap Growth | Sold out | 0.00% | −0.30 |
| PPA Invesco Aerospace & Defense | Sold out | 0.00% | −0.30 |
| ITA iShares U.S. Aerospace & Def | Sold out | 0.00% | −0.29 |
| GLDM SPDR Gold Minishares Trust | Sold out | 0.00% | −0.26 |
| ILCG iShares Morningstar Growth E | Sold out | 0.00% | −0.25 |
| GURU Global X Guru Index ETF | Sold out | 0.00% | −0.25 |
| VLUE iShares MSCI USA Value Facto | Sold out | 0.00% | −0.24 |
| CNRG SS SPDR S&P Kensho CLP ETF | Sold out | 0.00% | −0.24 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.23 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.21 |
| BN Brookfield Corp. | Sold out | 0.00% | −0.21 |
| FOXA Fox Corp. Class A | Sold out | 0.00% | −0.20 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.19 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.19 |
| AMZN Amazon.com Inc. | Reduce -4.5% | 1.38% | −0.19 |
| XLV SS Health Care Select Sector | Reduce -8.1% | 1.41% | −0.18 |
| ANET Arista Networks Inc. | Reduce -35.2% | 0.24% | −0.15 |
| IVE iShares S&P 500 Value ETF | Reduce -14.2% | 0.84% | −0.13 |
| ORCL Oracle Corp. | Reduce -9.2% | 0.25% | −0.11 |
| PLTR Palantir Technologies Inc. Class A | Reduce -6.1% | 0.32% | −0.09 |
| BBP Virtus Biotech ETF-Usd Inc. | Reduce -30.4% | 0.23% | −0.08 |
| V Visa Inc. Class A | Reduce -4.8% | 0.33% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.0% | 1.88% | −0.06 |
| BITF Bitfarms Ltd./Canada | Reduce -35.9% | 0.06% | −0.05 |
Portfolio Buys Q4 2025 → Q1 2026
| SCHD Schwab US DVD Equity ETF | New | 2.27% | +2.27 |
| XLE SS Energy Select Sector | New | 1.73% | +1.73 |
| SPLV Invesco S&P 500 Low Volatili | New | 1.10% | +1.10 |
| OKE Oneok Inc. | Add +1.3% | 4.54% | +0.96 |
| XLP SS Consumer Staples Sel Sect | New | 0.86% | +0.86 |
| LDUR PIMCO Enhanced Low Duration | New | 0.78% | +0.78 |
| AVSF Avantis Short-Term Fixed Inc. | New | 0.78% | +0.78 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.75% | +0.75 |
| LST Leuthold Sel Ind | New | 0.70% | +0.70 |
| GSY Invesco Ultra Short Duration | New | 0.67% | +0.67 |
| CORO Ish Intl CTRY Rot Act ETF | New | 0.54% | +0.54 |
| XLB SS Materials Select Sector | New | 0.54% | +0.54 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.51% | +0.51 |
| XES SS SPDR S&P Og Eqp & Serv | New | 0.41% | +0.41 |
| PXJ Invesco Oil & Gas Services E | New | 0.41% | +0.41 |
| XLI SS Industrial Select Sector | Add +30.6% | 1.38% | +0.38 |
| GOVT iShares US Treasury Bond ETF | New | 0.36% | +0.36 |
| ASTS Ast Spacemobile Inc. | New | 0.33% | +0.33 |
| MOO Vaneck Agribusiness ETF | New | 0.31% | +0.31 |
| RSPG Invesco S&P 500 Equal Weight | New | 0.30% | +0.30 |
| SHLD Global X Defense Tech ETF | New | 0.29% | +0.29 |
| ROKT SS SPDR S&P Kensho FF ETF | New | 0.28% | +0.28 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +27.3% | 1.40% | +0.27 |
| BLCR iShares LRG CP CR Act ETF-Ui | New | 0.27% | +0.27 |
| ALKT Alkami Technology Inc. | New | 0.26% | +0.26 |
| XTL SS SPDR S&P Telecom ETF | New | 0.25% | +0.25 |
| WMT Walmart Inc. | Add +0.3% | 2.04% | +0.25 |
| FTXG First Trust Nasdaq Food & Be | New | 0.25% | +0.25 |
| XOM Exxon Mobil Corp. | Add +4.2% | 0.73% | +0.24 |
| EME Emcor Group Inc. | New | 0.24% | +0.24 |
| AMD Advanced Micro Devices | New | 0.23% | +0.23 |
| CEF Sprott Physical Gold and Sil | New | 0.23% | +0.23 |
| CTRA Coterra Energy Inc. | New | 0.23% | +0.23 |
| ASML ASML Holding NV-NY Reg SHS | Add +6.8% | 0.87% | +0.22 |
| GEV GE Vernova Inc. | Add +0.2% | 0.82% | +0.22 |
| NEM Newmont Corp. | New | 0.21% | +0.21 |
| FCG First Trust Natural Gas ETF | New | 0.21% | +0.21 |
| CASY Casey's General Stores Inc. | New | 0.21% | +0.21 |
| RTX RTX Corp. | New | 0.20% | +0.20 |
| MRVL Marvell Technology Inc. | New | 0.20% | +0.20 |
| AAPL Apple Inc. | Add +13.7% | 2.58% | +0.19 |
| AMAT Applied Materials Inc. | Add +19.8% | 0.40% | +0.15 |
| LRCX Lam Research Corp. | Add +30.6% | 0.37% | +0.15 |
| TSM Taiwan Semiconductor-SP ADR | Add +17.6% | 0.38% | +0.09 |
| COST Costco Wholesale Corp. | Add +1.2% | 0.59% | +0.09 |
| NVDA Nvidia Corp. | Add +7.7% | 3.86% | +0.09 |
| DUK Duke Energy Corp. | Add +0.6% | 0.51% | +0.06 |
| SLV iShares Silver Trust | Add +0.8% | 0.62% | +0.05 |
| IAU iShares Gold Trust | Add +2.1% | 0.39% | +0.04 |
| AVEM Avantis Emerging Markets Eq | Add +6.0% | 0.38% | +0.04 |
Options Activity Q4 2025 → Q1 2026
| TSLA Tesla Inc. | put | New | 8,500 | $433K |
| TSLA Tesla Inc. | call | New | 5,000 | $298K |
| ARKG ARK Genomic Revolution ETF | call | New | 20,000 | $26K |
| TLT iShares 20+ Year Treasury BD | call | New | 24,000 | $7K |
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 |