Fulcrum Equity Management

PLANO, TX

$124m in 140 US stocks at the end of 30 June 2026. The top 10 are 39.9% of the money. It changed about 19.4% of the portfolio this quarter.

Value

$124m

Stocks

140

Top 10 share

39.9%

Turnover

19.4%

What changed this quarter

New

Bought for the first time this quarter.

Roundhill ETF TrustDRAM
1.0% of the fund
Spdr Series TrustFLRN
0.7% of the fund
Vaneck ETF TrustCLOI
0.5% of the fund
Applied OptoelectronicsAAOI
0.5% of the fund
Micron TechnologyMU
0.5% of the fund
Invesco Exchange Traded FD TPTF
0.4% of the fund
First TR Exchange Traded FDAIRR
0.4% of the fund
Palo Alto NetworksPANW
0.3% of the fund
LiquidiaLQDA
0.3% of the fund
Dell TechnologiesDELL
0.3% of the fund
AlphabetGOOG
0.3% of the fund
Ishares TRVLUE
0.3% of the fund
Neos ETF TrustQQQI
0.3% of the fund
Fidelity Covington TrustFTEC
0.3% of the fund
IntelINTC
0.3% of the fund
Invesco Exchange Traded FD TRPG
0.3% of the fund
Tower SemiconductorTSEM
0.3% of the fund
Tidal Trust IIIGRNJ
0.2% of the fund
Blackrock ETF TrustIALT
0.2% of the fund
State STR Spdr S&P 500 ETF TSPY
0.2% of the fund
Neos ETF TrustSPYI
0.2% of the fund
Quanta ServicesPWR
0.2% of the fund
Rocket LabRKLB
0.2% of the fund
Cisco SystemsCSCO
0.2% of the fund
Alps ETF TRSBIO
0.2% of the fund

Added

Bought more of a stock they already held.

Spdr Series TrustSPYM
2.0% of the fund
+51%
Select Sector Spdr TRXLF
1.9% of the fund
+52%
Invesco Exch Traded FD TR IISPMO
1.8% of the fund
+348%
AlphabetGOOGL
1.7% of the fund
+2%
Select Sector Spdr TRXLI
1.6% of the fund
+20%
Select Sector Spdr TRXLY
1.3% of the fund
+16%
MicrosoftMSFT
1.2% of the fund
+18%
ASML Holding NVASML
1.1% of the fund
+5%
BroadcomAVGO
1.1% of the fund
+17%
GE VernovaGEV
1.0% of the fund
+4%
Schwab Strategic TRSCHB
0.9% of the fund
+41%
Advanced Micro DevicesAMD
0.9% of the fund
+65%
Nebius GroupNBIS
0.9% of the fund
+43%
Spdr Series TrustBIL
0.9% of the fund
+38%
Ishares TRIUSB
0.8% of the fund
+79%
Ishares TRIVW
0.8% of the fund
+9%
Invesco Actively Managed EXCGSY
0.7% of the fund
+34%
Taiwan Semiconductor ManufacturingTSM
0.7% of the fund
+49%
Ishares TRACWX
0.6% of the fund
+23%
Schwab Strategic TRSCHG
0.5% of the fund
+130%
Ishares TRIYW
0.5% of the fund
+24%
AST SpaceMobileASTS
0.4% of the fund
+33%
Tidal Trust IGRNY
0.4% of the fund
+47%
Palantir TechnologiesPLTR
0.4% of the fund
+84%
Schwab Strategic TRSCHZ
0.4% of the fund
+12%

Cut

Sold some of their stake.

Select Sector Spdr TRXLK
5.2% of the fund
-4%
Amazon.comAMZN
1.2% of the fund
-5%
Schwab Strategic TRSCHD
1.2% of the fund
-39%
Select Sector Spdr TRXLC
1.2% of the fund
-16%
Select Sector Spdr TRXLV
1.0% of the fund
-20%
Eli LillyLLY
0.8% of the fund
-9%
Select Sector Spdr TRXLE
0.8% of the fund
-37%
Meta PlatformsMETA
0.6% of the fund
-7%
Ishares TRIVE
0.6% of the fund
-16%
Lam ResearchLRCX
0.6% of the fund
-5%
Goldman Sachs GroupGS
0.6% of the fund
-2%
AmphenolAPH
0.5% of the fund
-17%
Select Sector Spdr TRXLU
0.5% of the fund
-25%
ExxonMobil HoldingsXOM
0.5% of the fund
-2%
Vaneck ETF TrustREMX
0.5% of the fund
-7%
Costco WholesaleCOST
0.4% of the fund
-3%
Managed Portfolio SERKAMO
0.4% of the fund
-6%
First TR Exchange Traded FDFTXL
0.4% of the fund
-18%
Invesco Exchange Traded FD TPSI
0.4% of the fund
-17%
Blackrock ETF TrustBAI
0.4% of the fund
-25%
General ElectricGE
0.3% of the fund
-6%
Marvell TechnologyMRVL
0.3% of the fund
-32%
Managed Portfolio SERKHPI
0.3% of the fund
-16%
Bondbloxx ETF TrustXTEN
0.3% of the fund
-35%
Select Sector Spdr TRXLB
0.3% of the fund
-42%

Sold out

Sold their entire stake.

Invesco Exch Traded FD TR IISPLV
-100%
Select Sector Spdr TRXLP
-100%
Pimco ETF TRLDUR
-100%
American Centy ETF TRAVSF
-100%
Sila Realty Trust
-100%
Managed Portfolio SERLST
-100%
Spdr Series TrustXES
-100%
Invesco Exchange Traded FD TPXJ
-100%
NetflixNFLX
-100%
Ishares TRQUAL
-100%
Vaneck ETF TrustMOO
-100%
Ishares TREFV
-100%
Invesco Exchange Traded FD TRSPG
-100%
Ishares TRIAGG
-100%
First TR Exchange Traded FDFTXG
-100%
Etfis SER TR IBBP
-100%
Sprott Asset Management LPCEF
-100%
Coterra EnergyCTRA
-100%
First TR Exchange-Traded FDFCG
-100%
Caseys General StoresCASY
-100%
BitfarmsBITF
-100%

Holdings

Ishares TRITOT
Share
9.9%
Value
$12m
Shares
74,778
Held
IsharesURTH
Share
7.6%
Value
$9m
Shares
46,192
Held
Select Sector Spdr TRXLK
Share
5.2%
Value
$6m
Shares
33,430
-4%
OneokOKE
Share
3.7%
Value
$5m
Shares
51,928
Held
NvidiaNVDA
Share
3.6%
Value
$5m
Shares
22,507
Held
AppleAAPL
Share
2.5%
Value
$3m
Shares
10,632
Held
Spdr Series TrustSPYM
Share
2.0%
Value
$2m
Shares
28,313
+51%
Select Sector Spdr TRXLF
Share
1.9%
Value
$2m
Shares
42,945
+52%
Invesco Exch Traded FD TR IISPMO
Share
1.8%
Value
$2m
Shares
14,031
+348%
AlphabetGOOGL
Share
1.7%
Value
$2m
Shares
5,971
+2%
Berkshire HathawayBRK-B
Share
1.6%
Value
$2m
Shares
4,038
Held
Select Sector Spdr TRXLI
Share
1.6%
Value
$2m
Shares
10,482
+20%
WalmartWMT
Share
1.5%
Value
$2m
Shares
16,900
Held
Select Sector Spdr TRXLY
Share
1.3%
Value
$2m
Shares
13,229
+16%
Amazon.comAMZN
Share
1.2%
Value
$2m
Shares
6,460
-5%
Schwab Strategic TRSCHD
Share
1.2%
Value
$1m
Shares
46,574
-39%
MicrosoftMSFT
Share
1.2%
Value
$1m
Shares
3,916
+18%
Select Sector Spdr TRXLC
Share
1.2%
Value
$1m
Shares
13,465
-16%
ASML Holding NVASML
Share
1.1%
Value
$1m
Shares
708
+5%
BroadcomAVGO
Share
1.1%
Value
$1m
Shares
3,667
+17%
Select Sector Spdr TRXLV
Share
1.0%
Value
$1m
Shares
7,846
-20%
JPMorgan ChaseJPM
Share
1.0%
Value
$1m
Shares
3,757
Held
Roundhill ETF TrustDRAM
Share
1.0%
Value
$1m
Shares
16,299
New
GE VernovaGEV
Share
1.0%
Value
$1m
Shares
1,007
+4%
Schwab Strategic TRSCHB
Share
0.9%
Value
$1m
Shares
39,412
+41%
Advanced Micro DevicesAMD
Share
0.9%
Value
$1m
Shares
1,943
+65%
TeslaTSLA
Share
0.9%
Value
$1m
Shares
2,608
Held
Nebius GroupNBIS
Share
0.9%
Value
$1m
Shares
3,887
+43%
Spdr Series TrustBIL
Share
0.9%
Value
$1m
Shares
11,699
+38%
Eli LillyLLY
Share
0.8%
Value
$1m
Shares
836
-9%
Select Sector Spdr TRXLE
Share
0.8%
Value
$973,559
Shares
18,331
-37%
Ishares TRIUSB
Share
0.8%
Value
$966,740
Shares
20,948
+79%
Ishares TRIVW
Share
0.8%
Value
$936,126
Shares
6,807
+9%
Spdr Series TrustFLRN
Share
0.7%
Value
$920,441
Shares
29,836
New
Invesco Actively Managed EXCGSY
Share
0.7%
Value
$919,651
Shares
18,338
+34%
Blackrock ETF TrustDYNF
Share
0.7%
Value
$915,129
Shares
13,456
Held
Applied MaterialsAMAT
Share
0.7%
Value
$868,332
Shares
1,201
Held
Taiwan Semiconductor ManufacturingTSM
Share
0.7%
Value
$820,943
Shares
1,719
+49%
Meta PlatformsMETA
Share
0.6%
Value
$785,286
Shares
1,394
-7%
Lowe's CompaniesLOW
Share
0.6%
Value
$785,205
Shares
3,561
Held
Ishares TRIVE
Share
0.6%
Value
$775,415
Shares
3,415
-16%
Lam ResearchLRCX
Share
0.6%
Value
$728,452
Shares
1,681
-5%
Ishares TRACWX
Share
0.6%
Value
$708,779
Shares
9,313
+23%
Goldman Sachs GroupGS
Share
0.6%
Value
$699,229
Shares
691
-2%
AmphenolAPH
Share
0.5%
Value
$676,074
Shares
3,834
-17%
Schwab Strategic TRSCHG
Share
0.5%
Value
$659,822
Shares
19,498
+130%
Vaneck ETF TrustCLOI
Share
0.5%
Value
$655,680
Shares
12,383
New
Blackrock ETF TrustCORO
Share
0.5%
Value
$643,757
Shares
17,589
Held
Applied OptoelectronicsAAOI
Share
0.5%
Value
$623,161
Shares
4,206
New
Ishares TRIYW
Share
0.5%
Value
$605,326
Shares
2,400
+24%
Micron TechnologyMU
Share
0.5%
Value
$601,385
Shares
521
New
Select Sector Spdr TRXLU
Share
0.5%
Value
$598,413
Shares
13,198
-25%
ExxonMobil HoldingsXOM
Share
0.5%
Value
$591,469
Shares
4,326
-2%
Vaneck ETF TrustREMX
Share
0.5%
Value
$585,782
Shares
6,619
-7%
Costco WholesaleCOST
Share
0.4%
Value
$552,045
Shares
590
-3%
Managed Portfolio SERKAMO
Share
0.4%
Value
$543,880
Shares
22,073
-6%
First TR Exchange Traded FDFTXL
Share
0.4%
Value
$542,309
Shares
1,903
-18%
American Healthcare REITAHR
Share
0.4%
Value
$516,754
Shares
9,909
Held
Duke EnergyDUK
Share
0.4%
Value
$506,063
Shares
3,998
Held
Invesco Exchange Traded FD TPTF
Share
0.4%
Value
$500,394
Shares
3,671
New
Ishares Silver TRSLV
Share
0.4%
Value
$495,400
Shares
9,265
Held
Invesco Exchange Traded FD TPSI
Share
0.4%
Value
$494,126
Shares
2,631
-17%
Abrdn Silver ETF TrustSIVR
Share
0.4%
Value
$489,114
Shares
8,700
Held
AST SpaceMobileASTS
Share
0.4%
Value
$482,510
Shares
5,430
+33%
Tidal Trust IGRNY
Share
0.4%
Value
$482,465
Shares
17,449
+47%
Palantir TechnologiesPLTR
Share
0.4%
Value
$481,730
Shares
4,129
+84%
Schwab Strategic TRSCHZ
Share
0.4%
Value
$473,113
Shares
20,455
+12%
Blackrock ETF TrustBAI
Share
0.4%
Value
$456,629
Shares
8,661
-25%
First TR Exchange Traded FDAIRR
Share
0.4%
Value
$449,985
Shares
3,377
New
Abrdn Precious Metals BasketGLTR
Share
0.4%
Value
$439,289
Shares
2,425
Held
Invesco Exchange Traded FD TKNCT
Share
0.4%
Value
$435,102
Shares
2,063
+8%
Invesco Exch Traded FD TR IIPSCT
Share
0.4%
Value
$434,885
Shares
4,706
+30%
General ElectricGE
Share
0.3%
Value
$432,059
Shares
1,156
-6%
Palo Alto NetworksPANW
Share
0.3%
Value
$416,726
Shares
1,222
New
Marvell TechnologyMRVL
Share
0.3%
Value
$413,769
Shares
1,389
-32%
Ishares TRGOVT
Share
0.3%
Value
$409,897
Shares
17,994
+12%
LiquidiaLQDA
Share
0.3%
Value
$399,049
Shares
5,005
New
Managed Portfolio SERKHPI
Share
0.3%
Value
$392,660
Shares
15,208
-16%
Johnson Controls InternationalJCI
Share
0.3%
Value
$388,945
Shares
2,662
Held
VisaV
Share
0.3%
Value
$388,092
Shares
1,131
Held
Royal Bank of CanadaRY
Share
0.3%
Value
$383,929
Shares
1,855
Held
Spdr Series TrustROKT
Share
0.3%
Value
$360,970
Shares
3,021
+3%
Blackrock ETF TrustBLCR
Share
0.3%
Value
$353,071
Shares
7,010
+6%
Invesco Exchange Traded FD TCSD
Share
0.3%
Value
$348,558
Shares
2,328
+13%
Dell TechnologiesDELL
Share
0.3%
Value
$346,101
Shares
802
New
Ishares Gold TRIAU
Share
0.3%
Value
$344,326
Shares
4,560
Held
Bondbloxx ETF TrustXTEN
Share
0.3%
Value
$344,163
Shares
7,551
-35%
AlphabetGOOG
Share
0.3%
Value
$343,151
Shares
971
New
Ishares TRVLUE
Share
0.3%
Value
$342,275
Shares
1,713
New
Arista NetworksANET
Share
0.3%
Value
$338,741
Shares
1,994
Held
Neos ETF TrustQQQI
Share
0.3%
Value
$337,821
Shares
5,949
New
Select Sector Spdr TRXLB
Share
0.3%
Value
$330,039
Shares
6,493
-42%
Spdr Gold TRGLD
Share
0.3%
Value
$329,700
Shares
895
Held
Ishares TRMBB
Share
0.3%
Value
$328,059
Shares
3,471
+12%
Fidelity Covington TrustFTEC
Share
0.3%
Value
$327,579
Shares
1,147
New
AbbVieABBV
Share
0.3%
Value
$322,799
Shares
1,283
-5%
IntelINTC
Share
0.3%
Value
$321,847
Shares
2,305
New
HSBC HoldingsHSBC
Share
0.3%
Value
$318,742
Shares
3,352
Held
Invesco Exchange Traded FD TRPG
Share
0.3%
Value
$317,526
Shares
4,973
New
Global X FDSSHLD
Share
0.3%
Value
$317,394
Shares
5,316
+28%

Company	Share of fund	Value	Shares	Change
Ishares TRITOT	9.9%	$12m	74,778	Held
IsharesURTH	7.6%	$9m	46,192	Held
Select Sector Spdr TRXLK	5.2%	$6m	33,430	-4%
OneokOKE	3.7%	$5m	51,928	Held
NvidiaNVDA	3.6%	$5m	22,507	Held
AppleAAPL	2.5%	$3m	10,632	Held
Spdr Series TrustSPYM	2.0%	$2m	28,313	+51%
Select Sector Spdr TRXLF	1.9%	$2m	42,945	+52%
Invesco Exch Traded FD TR IISPMO	1.8%	$2m	14,031	+348%
AlphabetGOOGL	1.7%	$2m	5,971	+2%
Berkshire HathawayBRK-B	1.6%	$2m	4,038	Held
Select Sector Spdr TRXLI	1.6%	$2m	10,482	+20%
WalmartWMT	1.5%	$2m	16,900	Held
Select Sector Spdr TRXLY	1.3%	$2m	13,229	+16%
Amazon.comAMZN	1.2%	$2m	6,460	-5%
Schwab Strategic TRSCHD	1.2%	$1m	46,574	-39%
MicrosoftMSFT	1.2%	$1m	3,916	+18%
Select Sector Spdr TRXLC	1.2%	$1m	13,465	-16%
ASML Holding NVASML	1.1%	$1m	708	+5%
BroadcomAVGO	1.1%	$1m	3,667	+17%
Select Sector Spdr TRXLV	1.0%	$1m	7,846	-20%
JPMorgan ChaseJPM	1.0%	$1m	3,757	Held
Roundhill ETF TrustDRAM	1.0%	$1m	16,299	New
GE VernovaGEV	1.0%	$1m	1,007	+4%
Schwab Strategic TRSCHB	0.9%	$1m	39,412	+41%
Advanced Micro DevicesAMD	0.9%	$1m	1,943	+65%
TeslaTSLA	0.9%	$1m	2,608	Held
Nebius GroupNBIS	0.9%	$1m	3,887	+43%
Spdr Series TrustBIL	0.9%	$1m	11,699	+38%
Eli LillyLLY	0.8%	$1m	836	-9%
Select Sector Spdr TRXLE	0.8%	$973,559	18,331	-37%
Ishares TRIUSB	0.8%	$966,740	20,948	+79%
Ishares TRIVW	0.8%	$936,126	6,807	+9%
Spdr Series TrustFLRN	0.7%	$920,441	29,836	New
Invesco Actively Managed EXCGSY	0.7%	$919,651	18,338	+34%
Blackrock ETF TrustDYNF	0.7%	$915,129	13,456	Held
Applied MaterialsAMAT	0.7%	$868,332	1,201	Held
Taiwan Semiconductor ManufacturingTSM	0.7%	$820,943	1,719	+49%
Meta PlatformsMETA	0.6%	$785,286	1,394	-7%
Lowe's CompaniesLOW	0.6%	$785,205	3,561	Held
Ishares TRIVE	0.6%	$775,415	3,415	-16%
Lam ResearchLRCX	0.6%	$728,452	1,681	-5%
Ishares TRACWX	0.6%	$708,779	9,313	+23%
Goldman Sachs GroupGS	0.6%	$699,229	691	-2%
AmphenolAPH	0.5%	$676,074	3,834	-17%
Schwab Strategic TRSCHG	0.5%	$659,822	19,498	+130%
Vaneck ETF TrustCLOI	0.5%	$655,680	12,383	New
Blackrock ETF TrustCORO	0.5%	$643,757	17,589	Held
Applied OptoelectronicsAAOI	0.5%	$623,161	4,206	New
Ishares TRIYW	0.5%	$605,326	2,400	+24%
Micron TechnologyMU	0.5%	$601,385	521	New
Select Sector Spdr TRXLU	0.5%	$598,413	13,198	-25%
ExxonMobil HoldingsXOM	0.5%	$591,469	4,326	-2%
Vaneck ETF TrustREMX	0.5%	$585,782	6,619	-7%
Costco WholesaleCOST	0.4%	$552,045	590	-3%
Managed Portfolio SERKAMO	0.4%	$543,880	22,073	-6%
First TR Exchange Traded FDFTXL	0.4%	$542,309	1,903	-18%
American Healthcare REITAHR	0.4%	$516,754	9,909	Held
Duke EnergyDUK	0.4%	$506,063	3,998	Held
Invesco Exchange Traded FD TPTF	0.4%	$500,394	3,671	New
Ishares Silver TRSLV	0.4%	$495,400	9,265	Held
Invesco Exchange Traded FD TPSI	0.4%	$494,126	2,631	-17%
Abrdn Silver ETF TrustSIVR	0.4%	$489,114	8,700	Held
AST SpaceMobileASTS	0.4%	$482,510	5,430	+33%
Tidal Trust IGRNY	0.4%	$482,465	17,449	+47%
Palantir TechnologiesPLTR	0.4%	$481,730	4,129	+84%
Schwab Strategic TRSCHZ	0.4%	$473,113	20,455	+12%
Blackrock ETF TrustBAI	0.4%	$456,629	8,661	-25%
First TR Exchange Traded FDAIRR	0.4%	$449,985	3,377	New
Abrdn Precious Metals BasketGLTR	0.4%	$439,289	2,425	Held
Invesco Exchange Traded FD TKNCT	0.4%	$435,102	2,063	+8%
Invesco Exch Traded FD TR IIPSCT	0.4%	$434,885	4,706	+30%
General ElectricGE	0.3%	$432,059	1,156	-6%
Palo Alto NetworksPANW	0.3%	$416,726	1,222	New
Marvell TechnologyMRVL	0.3%	$413,769	1,389	-32%
Ishares TRGOVT	0.3%	$409,897	17,994	+12%
LiquidiaLQDA	0.3%	$399,049	5,005	New
Managed Portfolio SERKHPI	0.3%	$392,660	15,208	-16%
Johnson Controls InternationalJCI	0.3%	$388,945	2,662	Held
VisaV	0.3%	$388,092	1,131	Held
Royal Bank of CanadaRY	0.3%	$383,929	1,855	Held
Spdr Series TrustROKT	0.3%	$360,970	3,021	+3%
Blackrock ETF TrustBLCR	0.3%	$353,071	7,010	+6%
Invesco Exchange Traded FD TCSD	0.3%	$348,558	2,328	+13%
Dell TechnologiesDELL	0.3%	$346,101	802	New
Ishares Gold TRIAU	0.3%	$344,326	4,560	Held
Bondbloxx ETF TrustXTEN	0.3%	$344,163	7,551	-35%
AlphabetGOOG	0.3%	$343,151	971	New
Ishares TRVLUE	0.3%	$342,275	1,713	New
Arista NetworksANET	0.3%	$338,741	1,994	Held
Neos ETF TrustQQQI	0.3%	$337,821	5,949	New
Select Sector Spdr TRXLB	0.3%	$330,039	6,493	-42%
Spdr Gold TRGLD	0.3%	$329,700	895	Held
Ishares TRMBB	0.3%	$328,059	3,471	+12%
Fidelity Covington TrustFTEC	0.3%	$327,579	1,147	New
AbbVieABBV	0.3%	$322,799	1,283	-5%
IntelINTC	0.3%	$321,847	2,305	New
HSBC HoldingsHSBC	0.3%	$318,742	3,352	Held
Invesco Exchange Traded FD TRPG	0.3%	$317,526	4,973	New
Global X FDSSHLD	0.3%	$317,394	5,316	+28%

Showing the largest 100 of 140.

Options (4)

TeslaTSLA
Type
Put
Value
$10m
Contracts
23,000
Ishares TRTLT
Type
Call
Value
$2m
Contracts
24,000
ARK ETF TRARKG
Type
Call
Value
$841,200
Contracts
20,000
TeslaTSLA
Type
Call
Value
$210,300
Contracts
500

Company	Type	Value	Contracts
TeslaTSLA	Put	$10m	23,000
Ishares TRTLT	Call	$2m	24,000
ARK ETF TRARKG	Call	$841,200	20,000
TeslaTSLA	Call	$210,300	500

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 26.9% since 30 June 2025.

Where the money is

Technology17.1%

Financial services4.9%

Energy4.6%

Industrials3.7%

Media & telecom3.4%

Retail & consumer3.0%

Everyday goods2.4%

Health care1.6%

Real estate0.6%

Utilities0.4%

Materials0.2%

Other58.1%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.