Fulcrum Equity Management — Q4 2023 13F Holdings

Holdings as of December 31, 2023

Portfolio value

$78.01B

Holdings count

91 positions reported

Accession #

0001737888-24-000001

Form 13F-HR

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All Reported Positions

91 positions sorted by value

91 positions

Issuer	CUSIP	Valuev	Weight	Shares/Prin.	Discretion	Voting (Sole/Shared/None)
SPDR S&P 500 ETF TRTR UNIT	78462F103	$15.85B	20.32%	33,349shares	SOLE	2,844 / 0 / 30,505
ISHARES INCMSCI WORLD ETF	464286392	$6.14B	7.88%	46,192shares	SOLE	0 / 0 / 46,192
ONEOK INC NEWCOM	682680103	$3.16B	4.05%	44,970shares	SOLE	0 / 0 / 44,970
ISHARES TRIBOXX HI YD ETF	464288513	$2.98B	3.82%	38,540shares	SOLE	0 / 0 / 38,540
SELECT SECTOR SPDR TRTECHNOLOGY	81369Y803	$2.32B	2.98%	12,062shares	SOLE	240 / 0 / 11,822
INVESCO EXCH TRADED FD TR IINASDAQ 100 ETF	46138G649	$1.74B	2.23%	10,311shares	SOLE	0 / 0 / 10,311
SPDR SER TRBLOOMBERG 1-3 MO	78468R663	$1.56B	2.00%	17,088shares	SOLE	2,340 / 0 / 14,748
ISHARES TRCORE S&P500 ETF	464287200	$1.52B	1.95%	3,188shares	SOLE	0 / 0 / 3,188
ISHARES TRMSCI ACWI ETF	464288257	$1.47B	1.89%	14,461shares	SOLE	0 / 0 / 14,461
SELECT SECTOR SPDR TRCOMMUNICATION	81369Y852	$1.43B	1.83%	19,666shares	SOLE	455 / 0 / 19,211
BERKSHIRE HATHAWAY INC DELCL B NEW	084670702	$1.34B	1.72%	3,766shares	SOLE	0 / 0 / 3,766
GLOBAL X FDSADAPTIVE US	37954Y574	$1.26B	1.62%	33,979shares	SOLE	3,553 / 0 / 30,426
GLOBAL X FDSGLBL X MLP ETF	37954Y343	$1.24B	1.59%	28,017shares	SOLE	2,939 / 0 / 25,078
EA SERIES TRUSTUS QUAN VALUE	02072L102	$1.24B	1.59%	30,623shares	SOLE	3,021 / 0 / 27,602
GRANITESHARES ETF TRNASDAQ SELECT DI	38747R603	$1.19B	1.53%	26,019shares	SOLE	2,569 / 0 / 23,450
INVESCO EXCH TRADED FD TR IIKBW PPTY CASUT	46138E586	$1.19B	1.52%	13,115shares	SOLE	1,300 / 0 / 11,815
BLACKROCK ETF TRUSTUS EQT FACTOR	09290C103	$1.18B	1.52%	29,886shares	SOLE	2,947 / 0 / 26,939
SPDR SER TRNYSE TECH ETF	78464A102	$1.18B	1.51%	7,198shares	SOLE	713 / 0 / 6,485
ETFIS SER TR IINFRAC ACT MLP	26923G772	$1.16B	1.48%	32,746shares	SOLE	3,385 / 0 / 29,361
VALERO ENERGY CORPCOM	91913Y100	$1.14B	1.47%	8,806shares	SOLE	0 / 0 / 8,806
PROSHARES TRPSHS ULT S&P 500	74347R107	$1.08B	1.38%	16,565shares	SOLE	0 / 0 / 16,565
LOWES COS INCCOM	548661107	$1.03B	1.32%	4,629shares	SOLE	0 / 0 / 4,629
ABBVIE INCCOM	00287Y109	$761.21M	0.98%	4,912shares	SOLE	0 / 0 / 4,912
WALMART INCCOM	931142103	$746.47M	0.96%	4,735shares	SOLE	0 / 0 / 4,735
JOHNSON & JOHNSONCOM	478160104	$739.69M	0.95%	4,719shares	SOLE	0 / 0 / 4,719
SELECT SECTOR SPDR TRENERGY	81369Y506	$665.51M	0.85%	7,938shares	SOLE	40 / 0 / 7,898
ISHARES TRRUSSELL 2000 ETF	464287655	$650.10M	0.83%	3,239shares	SOLE	0 / 0 / 3,239
EXXON MOBIL CORPCOM	30231G102	$638.04M	0.82%	6,382shares	SOLE	0 / 0 / 6,382
SELECT SECTOR SPDR TRSBI CONS DISCR	81369Y407	$626.94M	0.80%	3,506shares	SOLE	88 / 0 / 3,418
BNY MELLON ETF TRUSTHIGH YIELD BETA	09661T800	$611.37M	0.78%	12,909shares	SOLE	0 / 0 / 12,909
SELECT SECTOR SPDR TRSBI HEALTHCARE	81369Y209	$611.33M	0.78%	4,483shares	SOLE	115 / 0 / 4,368
CONOCOPHILLIPSCOM	20825C104	$600.17M	0.77%	5,171shares	SOLE	0 / 0 / 5,171
BROADCOM INCCOM	11135F101	$596.08M	0.76%	534shares	SOLE	0 / 0 / 534
FIDELITY COVINGTON TRUSTMSCI INFO TECH I	316092808	$575.14M	0.74%	4,004shares	SOLE	0 / 0 / 4,004
SELECT SECTOR SPDR TRFINANCIAL	81369Y605	$574.51M	0.74%	15,280shares	SOLE	389 / 0 / 14,891
HUNTINGTON INGALLS INDS INCCOM	446413106	$545.98M	0.70%	2,103shares	SOLE	0 / 0 / 2,103
PHILLIPS 66COM	718546104	$539.22M	0.69%	4,050shares	SOLE	0 / 0 / 4,050
AMGEN INCCOM	031162100	$535.41M	0.69%	1,859shares	SOLE	0 / 0 / 1,859
VISTRA CORPCOM	92840M102	$523.24M	0.67%	13,584shares	SOLE	0 / 0 / 13,584
UNIVERSAL CORP VACOM	913456109	$509.72M	0.65%	7,572shares	SOLE	0 / 0 / 7,572
PEPSICO INCCOM	713448108	$501.83M	0.64%	2,955shares	SOLE	0 / 0 / 2,955
CHEVRON CORP NEWCOM	166764100	$501.63M	0.64%	3,363shares	SOLE	0 / 0 / 3,363
VANGUARD BD INDEX FDSTOTAL BND MRKT	921937835	$489.48M	0.63%	6,655shares	SOLE	0 / 0 / 6,655
ISHARES TR1 3 YR TREAS BD	464287457	$471.81M	0.60%	5,751shares	SOLE	0 / 0 / 5,751
ISHARES TRMORNINGSTAR GRWT	464287119	$455.93M	0.58%	6,723shares	SOLE	0 / 0 / 6,723
ISHARES TRCORE S&P TTL STK	464287150	$451.73M	0.58%	4,293shares	SOLE	0 / 0 / 4,293
CISCO SYS INCCOM	17275R102	$442.30M	0.57%	8,755shares	SOLE	0 / 0 / 8,755
ISHARES TR0-5YR HI YL CP	46434V407	$433.06M	0.56%	10,257shares	SOLE	0 / 0 / 10,257
KIMBERLY-CLARK CORPCOM	494368103	$431.56M	0.55%	3,552shares	SOLE	0 / 0 / 3,552
EOG RES INCCOM	26875P101	$425.60M	0.55%	3,519shares	SOLE	0 / 0 / 3,519
PFIZER INCCOM	717081103	$423.32M	0.54%	14,704shares	SOLE	0 / 0 / 14,704
FRANKLIN TEMPLETON ETF TRSENIOR LOAN ETF	35473P595	$420.67M	0.54%	17,319shares	SOLE	0 / 0 / 17,319
SPDR SER TRPORTFOLIO S&P500	78464A854	$396.05M	0.51%	7,085shares	SOLE	0 / 0 / 7,085
GENERAL DYNAMICS CORPCOM	369550108	$393.58M	0.50%	1,516shares	SOLE	0 / 0 / 1,516
BOOZ ALLEN HAMILTON HLDG CORCL A	099502106	$391.28M	0.50%	3,059shares	SOLE	0 / 0 / 3,059
SELECT SECTOR SPDR TRINDL	81369Y704	$372.51M	0.48%	3,268shares	SOLE	84 / 0 / 3,184
VERMILION ENERGY INCCOM	923725105	$371.54M	0.48%	30,808shares	SOLE	0 / 0 / 30,808
SELECT SECTOR SPDR TRSBI CONS STPLS	81369Y308	$364.71M	0.47%	5,063shares	SOLE	132 / 0 / 4,931
JPMORGAN CHASE & COCOM	46625H100	$359.28M	0.46%	2,112shares	SOLE	0 / 0 / 2,112
SCHWAB STRATEGIC TRUS LCAP GR ETF	808524300	$351.25M	0.45%	4,234shares	SOLE	0 / 0 / 4,234
ISHARES TRRUS TP200 GR ETF	464289438	$347.29M	0.45%	1,982shares	SOLE	0 / 0 / 1,982
SPDR DOW JONES INDL AVERAGEUT SER 1	78467X109	$346.72M	0.44%	920shares	SOLE	0 / 0 / 920
NEXSTAR MEDIA GROUP INCCOMMON STOCK	65336K103	$342.24M	0.44%	2,183shares	SOLE	0 / 0 / 2,183
MICROSOFT CORPCOM	594918104	$341.53M	0.44%	908shares	SOLE	0 / 0 / 908
ISHARES TRMSCI USA MMENTM	46432F396	$339.98M	0.44%	2,167shares	SOLE	0 / 0 / 2,167
COLGATE PALMOLIVE COCOM	194162103	$339.48M	0.44%	4,259shares	SOLE	0 / 0 / 4,259
BHP GROUP LTDSPONSORED ADS	088606108	$339.15M	0.43%	4,965shares	SOLE	0 / 0 / 4,965
LEIDOS HOLDINGS INCCOM	525327102	$330.10M	0.42%	3,050shares	SOLE	0 / 0 / 3,050
PROCTER AND GAMBLE COCOM	742718109	$328.09M	0.42%	2,239shares	SOLE	0 / 0 / 2,239
INGREDION INCCOM	457187102	$327.64M	0.42%	3,019shares	SOLE	0 / 0 / 3,019
RIO TINTO PLCSPONSORED ADR	767204100	$321.20M	0.41%	4,314shares	SOLE	0 / 0 / 4,314
APPLE INCCOM	037833100	$313.04M	0.40%	1,626shares	SOLE	0 / 0 / 1,626
DUKE ENERGY CORP NEWCOM NEW	26441C204	$310.90M	0.40%	3,204shares	SOLE	0 / 0 / 3,204
LOCKHEED MARTIN CORPCOM	539830109	$307.96M	0.39%	679shares	SOLE	0 / 0 / 679
CUBESMARTCOM	229663109	$297.20M	0.38%	6,412shares	SOLE	0 / 0 / 6,412
AMAZON COM INCCOM	023135106	$296.89M	0.38%	1,954shares	SOLE	0 / 0 / 1,954
SCHLUMBERGER LTDCOM STK	806857108	$296.16M	0.38%	5,691shares	SOLE	0 / 0 / 5,691
DOMINION ENERGY INCCOM	25746U109	$294.11M	0.38%	6,258shares	SOLE	0 / 0 / 6,258
INSPERITY INCCOM	45778Q107	$288.74M	0.37%	2,463shares	SOLE	0 / 0 / 2,463
ISHARES TRCORE TOTAL USD	46434V613	$284.98M	0.37%	6,186shares	SOLE	0 / 0 / 6,186
UNITED PARCEL SERVICE INCCL B	911312106	$283.41M	0.36%	1,803shares	SOLE	0 / 0 / 1,803
NVIDIA CORPORATIONCOM	67066G104	$261.30M	0.33%	528shares	SOLE	0 / 0 / 528
INVESCO EXCH TRADED FD TR IIS&P ULTRA DIVIDE	46138G656	$253.55M	0.33%	5,802shares	SOLE	0 / 0 / 5,802
BWX TECHNOLOGIES INCCOM	05605H100	$249.90M	0.32%	3,257shares	SOLE	0 / 0 / 3,257
MSC INDL DIRECT INCCL A	553530106	$233.81M	0.30%	2,309shares	SOLE	0 / 0 / 2,309
KINDER MORGAN INC DELCOM	49456B101	$230.93M	0.30%	13,091shares	SOLE	0 / 0 / 13,091
INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT	46137V357	$230.25M	0.30%	1,459shares	SOLE	146 / 0 / 1,313
CVS HEALTH CORPCOM	126650100	$221.64M	0.28%	2,807shares	SOLE	0 / 0 / 2,807
SOUTHERN COCOM	842587107	$219.34M	0.28%	3,128shares	SOLE	0 / 0 / 3,128
MCDONALDS CORPCOM	580135101	$218.14M	0.28%	736shares	SOLE	0 / 0 / 736
CARNIVAL CORPUNIT 99/99/9999	143658300	$202.87M	0.26%	10,942shares	SOLE	0 / 0 / 10,942

Filing Metadata

Form type

13F-HR

Filing date

Jan 19, 2024

Holdings as of

December 31, 2023

Accession

0001737888-24-000001

CIK

0001737888

View on SEC

Portfolio Snapshot

Total Portfolio Value

$78.01B

Number of Positions

91 reported by filer

Top 10 Concentration

48.9%

Top 20 Concentration

64.5%

Unique Issuers

By CUSIP

Avg. Position Size

$857.30M

Across 91 holdings

Top 5 Holdings

SPDR S&P 500 ETF TR20.3%

ISHARES INC7.9%

ONEOK INC NEW4.0%

ISHARES TR3.8%

SELECT SECTOR SPDR TR3.0%