Fulcrum Equity Management

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 9, 2026), Fulcrum Equity Management reported 140 stock positions worth $123.6 million. Its top holding was iShares Core S&P Total U.S. (ITOT) at 9.9% of the portfolio, followed by iShares MSCI World ETF (URTH, 7.6%) and SS Technology Select Sector (XLK, 5.2%). Compared with Q1 2026, it opened 38 new positions, sold out of 21, added to 51 and reduced 38. The biggest buy was Invesco S&P 500 Momentum ETF (SPMO, shares +348%) and the biggest sale an exit from Invesco S&P 500 Low Volatili (SPLV).

Most Recent 13F
Q2 2026
Location
PLANO, TX
CIK
0001737888
Portfolio Value
$123.6M (Q2 2026)
SEC Filing
0001737888-26-000005 ↗ filed Jul 9, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $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 $123.6M Q2 2026

Holdings 140 stocks · $123.6M
ITOT iShares Core S&P Total U.S. 9.94% 74,778 $12.3M Add +0.1%
URTH iShares MSCI World ETF 7.57% 46,192 $9.4M No change
XLK SS Technology Select Sector 5.15% 33,430 $6.4M Reduce -3.8%
OKE Oneok Inc. 3.65% 51,928 $4.5M Add +0.7%
NVDA Nvidia Corp. 3.64% 22,507 $4.5M Reduce -1.0%
AAPL Apple Inc. 2.49% 10,632 $3.1M Add +2.0%
SPYM Ste STR SPDR PT S&P 500 ETF 2.01% 28,313 $2.5M Add +50.7%
XLF SS Financial Select Sector 1.86% 42,945 $2.3M Add +51.7%
SPMO Invesco S&P 500 Momentum ETF 1.83% 14,031 $2.3M Add +348.3%
GOOGL Alphabet Inc. Class A 1.73% 5,971 $2.1M Add +2.3%
BRK.B Berkshire Hathaway Inc. Class B 1.63% 4,038 $2.0M Add +0.2%
XLI SS Industrial Select Sector 1.57% 10,482 $1.9M Add +20.0%
WMT Walmart Inc. 1.55% 16,900 $1.9M Add +0.4%
XLY SS Consumer Disc Select Sect 1.26% 13,229 $1.6M Add +16.2%
AMZN Amazon.com Inc. 1.25% 6,460 $1.5M Reduce -5.1%
SCHD Schwab US DVD Equity ETF 1.19% 46,574 $1.5M Reduce -38.8%
MSFT Microsoft Corp. 1.18% 3,916 $1.5M Add +18.0%
XLC SS Comm Select Sector SPDR 1.17% 13,465 $1.4M Reduce -15.9%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 1.14% 708 $1.4M Add +4.7%
AVGO Broadcom Inc. 1.12% 3,667 $1.4M Add +17.4%
XLV SS Health Care Select Sector 1.01% 7,846 $1.2M Reduce -20.4%
JPM JPMorgan Chase & Co. 1.00% 3,757 $1.2M Add +0.3%
DRAM Roundhill Memory ETF 0.97% 16,299 $1.2M New
GEV GE Vernova Inc. 0.96% 1,007 $1.2M Add +3.8%
SCHB Schwab US Broad Market ETF 0.92% 39,412 $1.1M Add +41.3%
AMD Advanced Micro Devices 0.91% 1,943 $1.1M Add +64.7%
TSLA Tesla Inc. 0.89% 2,608 $1.1M Reduce -0.5%
NBIS Nebius Group NV 0.87% 3,887 $1.1M Add +42.5%
BIL SS SPDR BB 1-3M T-Bill ETF 0.87% 11,699 $1.1M Add +38.4%
LLY Eli Lilly & Co. 0.81% 836 $1.0M Reduce -8.6%
XLE SS Energy Select Sector 0.79% 18,331 $974K Reduce -36.9%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.78% 20,948 $967K Add +78.5%
IVW iShares S&P 500 Growth ETF 0.76% 6,807 $936K Add +9.4%
FLRN SS SPDR BB Ig Float RT ETF 0.74% 29,836 $920K New
GSY Invesco Ultra Short Duration 0.74% 18,338 $920K Add +34.0%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.74% 13,456 $915K Add +1.1%
AMAT Applied Materials Inc. 0.70% 1,201 $868K Reduce -0.2%
TSM Taiwan Semiconductor-SP ADR 0.66% 1,719 $821K Add +48.8%
META Meta Platforms Inc. Class A 0.64% 1,394 $785K Reduce -7.0%
LOW Lowe's Cos Inc. 0.64% 3,561 $785K Add +0.5%
IVE iShares S&P 500 Value ETF 0.63% 3,415 $775K Reduce -16.2%
LRCX Lam Research Corp. 0.59% 1,681 $728K Reduce -4.9%
ACWX iShares MSCI Acwi Ex US ETF 0.57% 9,313 $709K Add +22.7%
GS Goldman Sachs Group Inc. 0.57% 691 $699K Reduce -2.1%
APH Amphenol Corp. Class A 0.55% 3,834 $676K Reduce -16.8%
SCHG Schwab US Large-Cap Growth 0.53% 19,498 $660K Add +129.9%
CLOI Vaneck Clo ETF 0.53% 12,383 $656K New
CORO Ish Intl CTRY Rot Act ETF 0.52% 17,589 $644K Add +1.3%
AAOI Applied Optoelectronics Inc. 0.50% 4,206 $623K New
IYW iShares Ustechnology ETF 0.49% 2,400 $605K Add +23.7%
MU Micron Technology Inc. 0.49% 521 $601K New
XLU St Sr Utl SL SE SPDR ETF-Usd 0.48% 13,198 $598K Reduce -25.1%
XOM Exxon Mobil Corp. 0.48% 4,326 $591K Reduce -2.2%
REMX Vaneck Rar Earth ND STG-Usdi 0.47% 6,619 $586K Reduce -6.8%
COST Costco Wholesale Corp. 0.45% 590 $552K Reduce -3.3%
KAMO Kensington Credit Opport ETF filed as MANAGED PORTFOLIO SER 0.44% 22,073 $544K Reduce -5.5%
FTXL First Trust Nasdaq Semicondu 0.44% 1,903 $542K Reduce -17.9%
AHR American Healthcare REIT Inc. 0.42% 9,909 $517K Add +0.0%
DUK Duke Energy Corp. 0.41% 3,998 $506K Add +0.7%
PTF Invesco Dorsey Wright Tech 0.40% 3,671 $500K New
SLV iShares Silver Trust 0.40% 9,265 $495K Reduce -0.8%
PSI Invesco Semiconductors ETF 0.40% 2,631 $494K Reduce -16.9%
SIVR Abrdn Physical Silver Shares 0.40% 8,700 $489K No change
ASTS Ast Spacemobile Inc. 0.39% 5,430 $483K Add +32.6%
GRNY Fundstr Gran SH US LRG Cap 0.39% 17,449 $482K Add +46.9%
PLTR Palantir Technologies Inc. Class A 0.39% 4,129 $482K Add +83.8%
SCHZ Schwab US Aggregate Bond ETF 0.38% 20,455 $473K Add +12.1%
BAI Ishrs AI in and Tech Act ETF 0.37% 8,661 $457K Reduce -25.0%
AIRR First Trust Rba American Ind 0.36% 3,377 $450K New
GLTR Abrdn Precious Metals Basket 0.36% 2,425 $439K No change
KNCT Invesco Next Gen Connectivit 0.35% 2,063 $435K Add +8.0%
PSCT Invesco S&P Smallcap Informa 0.35% 4,706 $435K Add +30.4%
GE General Electric filed as GE AEROSPACE 0.35% 1,156 $432K Reduce -6.0%
PANW Palo Alto Networks Inc. 0.34% 1,222 $417K New
MRVL Marvell Technology Inc. 0.33% 1,389 $414K Reduce -31.6%
GOVT iShares US Treasury Bond ETF 0.33% 17,994 $410K Add +12.5%
LQDA Liquidia Corp. 0.32% 5,005 $399K New
KHPI Kensington Hedged PRM in ETF filed as MANAGED PORTFOLIO SER 0.32% 15,208 $393K Reduce -16.1%
JCI Johnson Controls Internation 0.31% 2,662 $389K Reduce -0.9%
V Visa Inc. Class A 0.31% 1,131 $388K Add +2.0%
RY Royal Bank of Canada 0.31% 1,855 $384K Add +0.5%
ROKT SS SPDR S&P Kensho FF ETF 0.29% 3,021 $361K Add +3.3%
BLCR iShares LRG CP CR Act ETF-Ui 0.29% 7,010 $353K Add +5.7%
CSD Invesco S&P Spin-Off ETF 0.28% 2,328 $349K Add +13.4%
DELL Dell Technologies -C 0.28% 802 $346K New
IAU iShares Gold Trust 0.28% 4,560 $344K No change
XTEN Bondbloxx BBG 10Y US TSY ETF 0.28% 7,551 $344K Reduce -35.0%
GOOG Alphabet Inc. Class C 0.28% 971 $343K New
VLUE iShares MSCI USA Value Facto 0.28% 1,713 $342K New
ANET Arista Networks Inc. 0.27% 1,994 $339K Add +0.6%
QQQI Neos Nasdaq-100 High Inc. ETF 0.27% 5,949 $338K New
XLB SS Materials Select Sector 0.27% 6,493 $330K Reduce -41.6%
GLD SPDR Gold Shares 0.27% 895 $330K No change
MBB iShares MBS ETF 0.27% 3,471 $328K Add +12.4%
FTEC Fidelity MSCI Info Tech Indx 0.27% 1,147 $328K New
ABBV Abbvie Inc. 0.26% 1,283 $323K Reduce -5.3%
INTC Intel Corp. 0.26% 2,305 $322K New
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.26% 3,352 $319K No change
RPG Invesco S&P 500 Pure Growth 0.26% 4,973 $318K New
SHLD Global X Defense Tech ETF 0.26% 5,316 $317K Add +28.5%
TSEM Tower Semiconductor Ltd. 0.25% 1,200 $313K New
DASH DoorDash Inc. Class A 0.25% 1,674 $309K Add +9.4%
KO The Coca-Cola Co. 0.25% 3,777 $307K Reduce -3.2%
ALKT Alkami Technology Inc. 0.25% 16,850 $305K No change
ORCL Oracle Corp. 0.24% 2,065 $303K Add +17.4%
GRNJ Fundstr Gran SH US SM & Mid 0.24% 9,613 $302K New
XTL SS SPDR S&P Telecom ETF 0.24% 1,323 $301K Reduce -2.3%
IALT Ishrs SYS Alt Act ETF 0.24% 10,672 $299K New
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 398 $297K New
SPYI Neos S&P 500 High Income ETF 0.24% 5,519 $293K New
SAN Banco Santander SA-Spon ADR 0.23% 20,893 $288K No change
NVS Novartis AG-Sponsored ADR 0.23% 1,805 $283K No change
PWR Quanta Services Inc. 0.22% 383 $276K New
RKLB Rocket Lab Corp. 0.22% 2,665 $271K New
CSCO Cisco Systems Inc. 0.22% 2,296 $270K New
EME Emcor Group Inc. 0.21% 320 $266K Reduce -3.3%
SBIO Alps Medical Breakthroughs 0.21% 4,074 $263K New
ENB Enbridge Inc. 0.21% 4,810 $261K No change
TTE Totalenergies SE 0.21% 3,343 $260K No change
THRO iShares U.S. Thematic Rotati 0.21% 5,927 $255K Reduce -39.7%
AVEM Avantis Emerging Markets Eq 0.21% 2,638 $255K Reduce -45.1%
FYC First Trust Small Cap Growth 0.20% 1,959 $249K New
FYX First Trust Small Cap Core A 0.20% 1,711 $247K New
VFMO Vanguard US Momentum Factor 0.20% 980 $245K New
NEM Newmont Corp. 0.20% 2,599 $243K Add +30.1%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.20% 2,109 $243K New
CHT Chunghwa Telecom LT-Spon ADR 0.19% 5,374 $238K No change
PM Philip Morris International 0.18% 1,255 $227K Add +0.1%
C Citigroup Inc. 0.18% 1,611 $225K New
XLRE SS Real Estate Select Sector 0.17% 4,763 $210K New
ENTG Entegris Inc. 0.17% 1,157 $208K New
VZ Verizon Communications Inc. 0.17% 4,891 $207K Reduce -1.6%
ADI Analog Devices Inc. 0.17% 521 $207K New
BN Brookfield Corp. 0.17% 4,848 $206K New
MA Mastercard Inc. Class A 0.16% 396 $203K Reduce -7.0%
KLAC KLA Corp. 0.16% 674 $203K New
HWM Howmet Aerospace Inc. 0.16% 756 $203K New
GGOV iShares Global GB Usd Ha ETF 0.16% 4,020 $202K New
RTX RTX Corp. 0.16% 1,056 $200K No change
TLT iShares 20+ Year Treasury BD 0.02% 219 $19K New

Options reported separately and not counted above: TSLA puts ($9.7M), TLT calls ($2.1M), ARKG calls ($841K), TSLA calls ($210K).

Portfolio Sells Q1 2026 → Q2 2026
SPLV Invesco S&P 500 Low Volatili Sold out 0.00% −1.10
SCHD Schwab US DVD Equity ETF Reduce -38.8% 1.19% −1.08
XLE SS Energy Select Sector Reduce -36.9% 0.79% −0.94
XLP SS Consumer Staples Sel Sect Sold out 0.00% −0.86
LDUR PIMCO Enhanced Low Duration Sold out 0.00% −0.78
AVSF Avantis Short-Term Fixed Inc. Sold out 0.00% −0.78
SILA Sila Realty Trust Inc. Sold out 0.00% −0.71
LST Leuthold Sel Ind Sold out 0.00% −0.70
XLC SS Comm Select Sector SPDR Reduce -15.9% 1.17% −0.56
XES SS SPDR S&P Og Eqp & Serv Sold out 0.00% −0.41
PXJ Invesco Oil & Gas Services E Sold out 0.00% −0.41
XLV SS Health Care Select Sector Reduce -20.4% 1.01% −0.40
NFLX Netflix Inc. Sold out 0.00% −0.38
QUAL iShares MSCI USA Quality Fac Sold out 0.00% −0.35
MOO Vaneck Agribusiness ETF Sold out 0.00% −0.31
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -25.1% 0.48% −0.30
EFV iShares MSCI Eafe Value ETF Sold out 0.00% −0.30
RSPG Invesco S&P 500 Equal Weight Sold out 0.00% −0.30
XLB SS Materials Select Sector Reduce -41.6% 0.27% −0.27
IAGG iShares Intl Aggregate Bond Sold out 0.00% −0.26
XOM Exxon Mobil Corp. Reduce -2.2% 0.48% −0.25
FTXG First Trust Nasdaq Food & Be Sold out 0.00% −0.25
XTEN Bondbloxx BBG 10Y US TSY ETF Reduce -35.0% 0.28% −0.24
BBP Virtus Biotech ETF-Usd Inc. Sold out 0.00% −0.23
CEF Sprott Physical Gold and Sil Sold out 0.00% −0.23
CTRA Coterra Energy Inc. Sold out 0.00% −0.23
SLV iShares Silver Trust Reduce -0.8% 0.40% −0.22
NVDA Nvidia Corp. Reduce -1.0% 3.64% −0.22
FCG First Trust Natural Gas ETF Sold out 0.00% −0.21
IVE iShares S&P 500 Value ETF Reduce -16.2% 0.63% −0.21
CASY Casey's General Stores Inc. Sold out 0.00% −0.21
META Meta Platforms Inc. Class A Reduce -7.0% 0.64% −0.20
AVEM Avantis Emerging Markets Eq Reduce -45.1% 0.21% −0.17
COST Costco Wholesale Corp. Reduce -3.3% 0.45% −0.15
THRO iShares U.S. Thematic Rotati Reduce -39.7% 0.21% −0.14
REMX Vaneck Rar Earth ND STG-Usdi Reduce -6.8% 0.47% −0.13
AMZN Amazon.com Inc. Reduce -5.1% 1.25% −0.13
KAMO Kensington Credit Opport ETF Reduce -5.5% 0.44% −0.12
KHPI Kensington Hedged PRM in ETF Reduce -16.1% 0.32% −0.11
VZ Verizon Communications Inc. Reduce -1.6% 0.17% −0.08
TSLA Tesla Inc. Reduce -0.5% 0.89% −0.06
BITF Bitfarms Ltd./Canada Sold out 0.00% −0.06
MA Mastercard Inc. Class A Reduce -7.0% 0.16% −0.04
KO The Coca-Cola Co. Reduce -3.2% 0.25% −0.04
JCI Johnson Controls Internation Reduce -0.9% 0.31% −0.03
ABBV Abbvie Inc. Reduce -5.3% 0.26% −0.03
EME Emcor Group Inc. Reduce -3.3% 0.21% −0.02
APH Amphenol Corp. Class A Reduce -16.8% 0.55% −0.02
GS Goldman Sachs Group Inc. Reduce -2.1% 0.57% −0.02
LLY Eli Lilly & Co. Reduce -8.6% 0.81% −0.01

Portfolio Buys Q1 2026 → Q2 2026
SPMO Invesco S&P 500 Momentum ETF Add +348.3% 1.83% +1.49
DRAM Roundhill Memory ETF New 0.97% +0.97
FLRN SS SPDR BB Ig Float RT ETF New 0.74% +0.74
AMD Advanced Micro Devices Add +64.7% 0.91% +0.68
SPYM Ste STR SPDR PT S&P 500 ETF Add +50.7% 2.01% +0.61
NBIS Nebius Group NV Add +42.5% 0.87% +0.59
CLOI Vaneck Clo ETF New 0.53% +0.53
AAOI Applied Optoelectronics Inc. New 0.50% +0.50
XLF SS Financial Select Sector Add +51.7% 1.86% +0.50
MU Micron Technology Inc. New 0.49% +0.49
PTF Invesco Dorsey Wright Tech New 0.40% +0.40
AIRR First Trust Rba American Ind New 0.36% +0.36
PANW Palo Alto Networks Inc. New 0.34% +0.34
LQDA Liquidia Corp. New 0.32% +0.32
SCHG Schwab US Large-Cap Growth Add +129.9% 0.53% +0.29
TSM Taiwan Semiconductor-SP ADR Add +48.8% 0.66% +0.28
DELL Dell Technologies -C New 0.28% +0.28
GOOG Alphabet Inc. Class C New 0.28% +0.28
VLUE iShares MSCI USA Value Facto New 0.28% +0.28
QQQI Neos Nasdaq-100 High Inc. ETF New 0.27% +0.27
ASML ASML Holding NV-NY Reg SHS Add +4.7% 1.14% +0.27
FTEC Fidelity MSCI Info Tech Indx New 0.27% +0.27
INTC Intel Corp. New 0.26% +0.26
RPG Invesco S&P 500 Pure Growth New 0.26% +0.26
IUSB Ishr CR Unvrse Usd BD ETF-Ui Add +78.5% 0.78% +0.25
TSEM Tower Semiconductor Ltd. New 0.25% +0.25
GRNJ Fundstr Gran SH US SM & Mid New 0.24% +0.24
IALT Ishrs SYS Alt Act ETF New 0.24% +0.24
SCHB Schwab US Broad Market ETF Add +41.3% 0.92% +0.24
SPY SS SPDR S&P 500 ETF Trust-US New 0.24% +0.24
SPYI Neos S&P 500 High Income ETF New 0.24% +0.24
PWR Quanta Services Inc. New 0.22% +0.22
RKLB Rocket Lab Corp. New 0.22% +0.22
CSCO Cisco Systems Inc. New 0.22% +0.22
SBIO Alps Medical Breakthroughs New 0.21% +0.21
FYC First Trust Small Cap Growth New 0.20% +0.20
FYX First Trust Small Cap Core A New 0.20% +0.20
VFMO Vanguard US Momentum Factor New 0.20% +0.20
CM Can Imperial BK of Commerce New 0.20% +0.20
XLI SS Industrial Select Sector Add +20.0% 1.57% +0.20
C Citigroup Inc. New 0.18% +0.18
AVGO Broadcom Inc. Add +17.4% 1.12% +0.18
XLRE SS Real Estate Select Sector New 0.17% +0.17
ENTG Entegris Inc. New 0.17% +0.17
ADI Analog Devices Inc. New 0.17% +0.17
BN Brookfield Corp. New 0.17% +0.17
HWM Howmet Aerospace Inc. New 0.16% +0.16
KLAC KLA Corp. New 0.16% +0.16
GGOV iShares Global GB Usd Ha ETF New 0.16% +0.16
IYW iShares Ustechnology ETF Add +23.7% 0.49% +0.15

Options Activity Q1 2026 → Q2 2026
TSLA Tesla Inc. put Add +170.6% 23,000 $9.7M
TSLA Tesla Inc. call Reduce -90.0% 500 $210K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

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