Fulcrum Equity Management — Q4 2025 13F Holdings

Holdings as of December 31, 2025

Portfolio value

$104.49B

Holdings count

117

117 positions reported

Accession #

0001737888-26-000003

Form 13F-HR

Loading quarter-over-quarter changes...

All Reported Positions

117 positions sorted by value

117 positions

Issuer	CUSIP	Valuev	Weight	Shares/Prin.	Discretion	Voting (Sole/Shared/None)
ISHARES TRCORE S&P TTL STK	464287150	$11.55B	11.05%	77,685shares	SOLE	0 / 0 / 77,685
ISHARES INCMSCI WORLD ETF	464286392	$8.58B	8.21%	46,192shares	SOLE	0 / 0 / 46,192
SELECT SECTOR SPDR TRSTATE STREET TEC	81369Y803	$5.83B	5.58%	40,465shares	SOLE	3,362 / 0 / 37,103
NVIDIA CORPORATIONCOM	67066G104	$3.94B	3.77%	21,109shares	SOLE	0 / 0 / 21,109
ONEOK INC NEWCOM	682680103	$3.74B	3.58%	50,889shares	SOLE	0 / 0 / 50,889
APPLE INCCOM	037833100	$2.49B	2.39%	9,168shares	SOLE	0 / 0 / 9,168
SELECT SECTOR SPDR TRSTATE STREET COM	81369Y852	$2.27B	2.18%	19,313shares	SOLE	1,569 / 0 / 17,744
SELECT SECTOR SPDR TRSTATE STREET FIN	81369Y605	$2.10B	2.01%	38,363shares	SOLE	3,640 / 0 / 34,723
BERKSHIRE HATHAWAY INC DELCL B NEW	084670702	$2.03B	1.94%	4,031shares	SOLE	0 / 0 / 4,031
WALMART INCCOM	931142103	$1.87B	1.79%	16,775shares	SOLE	0 / 0 / 16,775
ALPHABET INCCAP STK CL A	02079K305	$1.81B	1.74%	5,797shares	SOLE	0 / 0 / 5,797
ISHARES TRU.S. TECH ETF	464287721	$1.75B	1.67%	8,744shares	SOLE	0 / 0 / 8,744
MICROSOFT CORPCOM	594918104	$1.73B	1.65%	3,568shares	SOLE	0 / 0 / 3,568
INVESCO EXCH TRADED FD TR IINASDAQ 100 ETF	46138G649	$1.72B	1.65%	6,804shares	SOLE	0 / 0 / 6,804
SELECT SECTOR SPDR TRSTATE STREET CON	81369Y407	$1.70B	1.63%	14,251shares	SOLE	1,112 / 0 / 13,139
SELECT SECTOR SPDR TRSTATE STREET HEA	81369Y209	$1.66B	1.59%	10,717shares	SOLE	699 / 0 / 10,018
AMAZON COM INCCOM	023135106	$1.64B	1.57%	7,126shares	SOLE	0 / 0 / 7,126
BLACKROCK ETF TRUSTISHARES US EQUIT	09290C103	$1.23B	1.18%	20,291shares	SOLE	0 / 0 / 20,291
META PLATFORMS INCCL A	30303M102	$1.22B	1.17%	1,846shares	SOLE	0 / 0 / 1,846
SPDR SERIES TRUSTSTATE STREET SPD	78464A854	$1.18B	1.13%	14,758shares	SOLE	0 / 0 / 14,758
JPMORGAN CHASE & CO.COM	46625H100	$1.18B	1.13%	3,674shares	SOLE	0 / 0 / 3,674
TESLA INCCOM	88160R101	$1.13B	1.08%	2,504shares	SOLE	0 / 0 / 2,504
SCHWAB STRATEGIC TRUS BRD MKT ETF	808524102	$1.10B	1.05%	42,025shares	SOLE	0 / 0 / 42,025
BROADCOM INCCOM	11135F101	$1.06B	1.01%	3,059shares	SOLE	0 / 0 / 3,059
INVESCO EXCHANGE TRADED FD TS&P 500 TOP 50	46137V233	$1.06B	1.01%	17,832shares	SOLE	0 / 0 / 17,832
SELECT SECTOR SPDR TRSTATE STREET IND	81369Y704	$1.04B	0.99%	6,687shares	SOLE	653 / 0 / 6,034
ISHARES TRS&P 500 VAL ETF	464287408	$1.01B	0.96%	4,747shares	SOLE	0 / 0 / 4,747
ISHARES TRCORE S&P500 ETF	464287200	$956.29M	0.92%	1,396shares	SOLE	0 / 0 / 1,396
TIDAL TRUST IFUNDSTRAT GRANNY	886364231	$940.09M	0.90%	37,968shares	SOLE	0 / 0 / 37,968
SCHWAB STRATEGIC TRUS LCAP GR ETF	808524300	$888.72M	0.85%	27,245shares	SOLE	0 / 0 / 27,245
LOWES COS INCCOM	548661107	$850.29M	0.81%	3,526shares	SOLE	0 / 0 / 3,526
SELECT SECTOR SPDR TRSTATE STREET UTI	81369Y886	$849.96M	0.81%	19,910shares	SOLE	978 / 0 / 18,932
ELI LILLY & COCOM	532457108	$821.02M	0.79%	764shares	SOLE	0 / 0 / 764
FIDELITY COVINGTON TRUSTMSCI INFO TECH I	316092808	$796.95M	0.76%	3,547shares	SOLE	0 / 0 / 3,547
SPDR S&P 500 ETF TRTR UNIT	78462F103	$790.42M	0.76%	1,159shares	SOLE	0 / 0 / 1,159
ISHARES TRS&P 500 GRWT ETF	464287309	$744.29M	0.71%	6,038shares	SOLE	0 / 0 / 6,038
SILA REALTY TRUST INCCOMMON STOCK	146280508	$715.08M	0.68%	30,677shares	SOLE	0 / 0 / 30,677
ASML HOLDING N VN Y REGISTRY SHS	N07059210	$677.22M	0.65%	633shares	SOLE	0 / 0 / 633
ISHARES TREAFE VALUE ETF	464288877	$642.33M	0.61%	8,995shares	SOLE	0 / 0 / 8,995
GE VERNOVA INCCOM	36828A101	$632.66M	0.61%	968shares	SOLE	0 / 0 / 968
MANAGED PORTFOLIO SERIESKENSINGTON CR OP	56167R820	$627.25M	0.60%	25,065shares	SOLE	0 / 0 / 25,065
GOLDMAN SACHS GROUP INCCOM	38141G104	$604.80M	0.58%	688shares	SOLE	0 / 0 / 688
ISHARES SILVER TRISHARES	46428Q109	$596.40M	0.57%	9,258shares	SOLE	0 / 0 / 9,258
ABRDN SILVER ETF TRUSTPHYSCL SILVR SHS	003264108	$588.47M	0.56%	8,700shares	SOLE	0 / 0 / 8,700
VANECK ETF TRUSTRARE EARTH AND S	92189H805	$567.71M	0.54%	7,680shares	SOLE	0 / 0 / 7,680
AMPHENOL CORP NEWCL A	032095101	$559.07M	0.54%	4,137shares	SOLE	0 / 0 / 4,137
ISHARES TRCORE UNIVRSL USD	46434V613	$539.00M	0.52%	11,581shares	SOLE	0 / 0 / 11,581
BONDBLOXX ETF TRUSTBLOOMBERG TEN YR	09789C812	$523.81M	0.50%	11,333shares	SOLE	0 / 0 / 11,333
COSTCO WHSL CORP NEWCOM	22160K105	$520.05M	0.50%	603shares	SOLE	0 / 0 / 603
EXXON MOBIL CORPCOM	30231G102	$510.49M	0.49%	4,242shares	SOLE	0 / 0 / 4,242
ISHARES TRMICRO-CAP ETF	464288869	$508.78M	0.49%	3,226shares	SOLE	0 / 0 / 3,226
ABRDN PRECIOUS METALS BASKETPHYSCL PRECS MET	003263100	$498.58M	0.48%	2,425shares	SOLE	0 / 0 / 2,425
ISHARES INCCORE MSCI EMKT	46434G103	$478.83M	0.46%	7,123shares	SOLE	0 / 0 / 7,123
AMERICAN HEALTHCARE REIT INCCOM SHS	398182303	$466.13M	0.45%	9,905shares	SOLE	0 / 0 / 9,905
DUKE ENERGY CORP NEWCOM NEW	26441C204	$462.66M	0.44%	3,947shares	SOLE	0 / 0 / 3,947
MANAGED PORTFOLIO SERIESKENSINGTON HEDGE	56167N183	$432.08M	0.41%	16,839shares	SOLE	0 / 0 / 16,839
PALANTIR TECHNOLOGIES INCCL A	69608A108	$425.36M	0.41%	2,393shares	SOLE	0 / 0 / 2,393
SCHWAB STRATEGIC TRUS AGGREGATE B	808524839	$422.46M	0.40%	18,077shares	SOLE	0 / 0 / 18,077
VISA INCCOM CL A	92826C839	$408.60M	0.39%	1,165shares	SOLE	0 / 0 / 1,165
ARISTA NETWORKS INCCOM SHS	040413205	$401.08M	0.38%	3,061shares	SOLE	0 / 0 / 3,061
NETFLIX INCCOM	64110L106	$401.01M	0.38%	4,277shares	SOLE	0 / 0 / 4,277
ALPS ETF TRMED BREAKTHGH	00162Q593	$384.05M	0.37%	7,498shares	SOLE	0 / 0 / 7,498
BLACKROCK ETF TRUSTISHARES US THEMA	09290C806	$379.08M	0.36%	9,831shares	SOLE	0 / 0 / 9,831
BLACKROCK ETF TRUSTISHARES A I INNO	09290C780	$378.80M	0.36%	11,375shares	SOLE	0 / 0 / 11,375
ORACLE CORPCOM	68389X105	$377.74M	0.36%	1,938shares	SOLE	0 / 0 / 1,938
ISHARES TRMSCI USA QLT FCT	46432F339	$375.44M	0.36%	1,890shares	SOLE	0 / 0 / 1,890
INVESCO EXCH TRADED FD TR IIS&P 500 MOMNTM	46138E339	$375.35M	0.36%	3,146shares	SOLE	0 / 0 / 3,146
ISHARES GOLD TRISHARES NEW	464285204	$362.50M	0.35%	4,466shares	SOLE	0 / 0 / 4,466
SPDR SERIES TRUSTSTATE STREET SPD	78464A409	$360.16M	0.34%	3,375shares	SOLE	0 / 0 / 3,375
GE AEROSPACECOM NEW	369604301	$354.85M	0.34%	1,152shares	SOLE	0 / 0 / 1,152
SPDR GOLD TRGOLD SHS	78463V107	$354.70M	0.34%	895shares	SOLE	0 / 0 / 895
VANGUARD SCOTTSDALE FDSVNG RUS1000GRW	92206C680	$352.02M	0.34%	2,891shares	SOLE	0 / 0 / 2,891
AMERICAN CENTY ETF TRAVANTIS EMGMKT	025072604	$348.95M	0.33%	4,531shares	SOLE	0 / 0 / 4,531
INVESCO EXCHANGE TRADED FD TBUILDING & CONST	46137V779	$344.07M	0.33%	3,716shares	SOLE	0 / 0 / 3,716
FIRST TR EXCHANGE TRADED FDNASDQ SEMCNDTR	33738R811	$343.53M	0.33%	2,652shares	SOLE	0 / 0 / 2,652
SPDR SERIES TRUSTSTATE STREET SPD	78464A870	$334.24M	0.32%	2,741shares	SOLE	0 / 0 / 2,741
ETFIS SER TR IVIRTUS LIFESC BT	26923G202	$331.81M	0.32%	4,152shares	SOLE	0 / 0 / 4,152
FIRST TR EXCHANGE TRADED FDRBA INDL ETF	33738R704	$322.79M	0.31%	3,283shares	SOLE	0 / 0 / 3,283
JOHNSON CTLS INTL PLCSHS	G51502105	$317.46M	0.30%	2,651shares	SOLE	0 / 0 / 2,651
FIRST TR EXCHANGE-TRADED ALPSML CP GRW ALP	33737M300	$314.69M	0.30%	3,274shares	SOLE	0 / 0 / 3,274
DOORDASH INCCL A	25809K105	$313.90M	0.30%	1,386shares	SOLE	0 / 0 / 1,386
INVESCO EXCHANGE TRADED FD TAEROSPACE DEFN	46137V100	$310.62M	0.30%	1,983shares	SOLE	0 / 0 / 1,983
INVESCO EXCHANGE TRADED FD TSEMICONDUCTORS	46137V647	$310.47M	0.30%	3,937shares	SOLE	0 / 0 / 3,937
ROYAL BK CDACOM	780087102	$310.46M	0.30%	1,821shares	SOLE	0 / 0 / 1,821
ISHARES TRUS AER DEF ETF	464288760	$307.68M	0.29%	1,433shares	SOLE	0 / 0 / 1,433
INVESCO EXCHANGE TRADED FD TNEXT GEN CONNECT	46137V688	$304.38M	0.29%	2,272shares	SOLE	0 / 0 / 2,272
ABBVIE INCCOM	00287Y109	$299.52M	0.29%	1,311shares	SOLE	0 / 0 / 1,311
TAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS	874039100	$298.42M	0.29%	982shares	SOLE	0 / 0 / 982
ISHARES TRMBS ETF	464288588	$293.35M	0.28%	3,081shares	SOLE	0 / 0 / 3,081
WORLD GOLD TRSPDR GLD MINIS	98149E303	$276.00M	0.26%	3,233shares	SOLE	0 / 0 / 3,233
COCA COLA COCOM	191216100	$270.69M	0.26%	3,872shares	SOLE	0 / 0 / 3,872
MASTERCARD INCORPORATEDCL A	57636Q104	$265.46M	0.25%	465shares	SOLE	0 / 0 / 465
HSBC HLDGS PLCSPON ADR NEW	404280406	$263.70M	0.25%	3,352shares	SOLE	0 / 0 / 3,352
ISHARES TRMORNINGSTAR GRWT	464287119	$263.21M	0.25%	2,530shares	SOLE	0 / 0 / 2,530
ISHARES TRCORE INTL AGGR	46435G672	$259.71M	0.25%	5,193shares	SOLE	0 / 0 / 5,193
INVESCO EXCHANGE TRADED FD TS&P SPIN OFF	46137V159	$258.91M	0.25%	2,596shares	SOLE	0 / 0 / 2,596
GLOBAL X FDSGLB X GURU INDEX	37950E341	$258.21M	0.25%	4,131shares	SOLE	0 / 0 / 4,131
APPLIED MATLS INCCOM	038222105	$258.02M	0.25%	1,004shares	SOLE	0 / 0 / 1,004
ISHARES TRMSCI USA VALUE	46432F388	$253.91M	0.24%	1,857shares	SOLE	0 / 0 / 1,857
NOVARTIS AGSPONSORED ADR	66987V109	$248.85M	0.24%	1,805shares	SOLE	0 / 0 / 1,805
SPDR SERIES TRUSTSTATE STREET SPD	78468R655	$247.28M	0.24%	2,764shares	SOLE	0 / 0 / 2,764
BANCO SANTANDER SAADR	05964H105	$245.07M	0.23%	20,893shares	SOLE	0 / 0 / 20,893
INVESCO EXCH TRADED FD TR IIS&P SMLCP INFO	46138E115	$242.05M	0.23%	4,276shares	SOLE	0 / 0 / 4,276
NOVO-NORDISK A SADR	670100205	$240.87M	0.23%	4,734shares	SOLE	0 / 0 / 4,734
NEBIUS GROUP N.V.SHS CLASS A	N97284108	$238.22M	0.23%	2,846shares	SOLE	0 / 0 / 2,846
LAM RESEARCH CORPCOM NEW	512807306	$231.78M	0.22%	1,354shares	SOLE	0 / 0 / 1,354
ENBRIDGE INCCOM	29250N105	$225.47M	0.22%	4,714shares	SOLE	0 / 0 / 4,714
CHUNGHWA TELECOM CO LTDSPON ADR NEW11	17133Q502	$224.15M	0.21%	5,374shares	SOLE	0 / 0 / 5,374
INVESCO QQQ TRUNIT SER 1	46090E103	$220.58M	0.21%	359shares	SOLE	0 / 0 / 359
BROOKFIELD CORPCL A LTD VT SH	11271J107	$220.13M	0.21%	4,797shares	SOLE	0 / 0 / 4,797
TOTALENERGIES SEACT	F92124100	$218.70M	0.21%	3,343shares	SOLE	0 / 0 / 3,343
FOX CORPCL A COM	35137L105	$206.72M	0.20%	2,829shares	SOLE	0 / 0 / 2,829
VERIZON COMMUNICATIONS INCCOM	92343V104	$203.73M	0.19%	5,002shares	SOLE	0 / 0 / 5,002
CINTAS CORPCOM	172908105	$203.31M	0.19%	1,081shares	SOLE	0 / 0 / 1,081
ALPHABET INCCAP STK CL C	02079K107	$203.08M	0.19%	647shares	SOLE	0 / 0 / 647
PHILIP MORRIS INTL INCCOM	718172109	$201.14M	0.19%	1,254shares	SOLE	0 / 0 / 1,254
BITFARMS LTDCOM	09173B107	$111.86M	0.11%	47,600shares	SOLE	0 / 0 / 47,600

Filing Metadata

Form type

13F-HR

Filing date

Jan 6, 2026

Holdings as of

December 31, 2025

Accession

0001737888-26-000003

CIK

0001737888

View on SEC

Portfolio Snapshot

Total Portfolio Value

$104.49B

Number of Positions

117

117 reported by filer

Top 10 Concentration

42.5%

Top 20 Concentration

57.5%

Unique Issuers

117

By CUSIP

Avg. Position Size

$893.06M

Across 117 holdings

Top 5 Holdings

ISHARES TR11.1%

ISHARES INC8.2%

SELECT SECTOR SPDR TR5.6%

NVIDIA CORPORATION3.8%

ONEOK INC NEW3.6%