Fulcrum Equity Management — Q4 2024 13F Holdings

Holdings as of December 31, 2024

Portfolio value

$101.08B

Holdings count

110

110 positions reported

Accession #

0001737888-25-000001

Form 13F-HR

Loading quarter-over-quarter changes...

All Reported Positions

110 positions sorted by value

110 positions

Issuer	CUSIP	Valuev	Weight	Shares/Prin.	Discretion	Voting (Sole/Shared/None)
ISHARES TRCORE S&P TTL STK	464287150	$10.35B	10.24%	80,503shares	SOLE	0 / 0 / 80,503
ISHARES INCMSCI WORLD ETF	464286392	$7.18B	7.11%	46,192shares	SOLE	0 / 0 / 46,192
ONEOK INC NEWCOM	682680103	$4.73B	4.68%	47,110shares	SOLE	0 / 0 / 47,110
SELECT SECTOR SPDR TRTECHNOLOGY	81369Y803	$4.03B	3.99%	17,331shares	SOLE	0 / 0 / 17,331
SELECT SECTOR SPDR TRFINANCIAL	81369Y605	$2.28B	2.26%	47,217shares	SOLE	0 / 0 / 47,217
BERKSHIRE HATHAWAY INC DELCL B NEW	084670702	$2.00B	1.98%	4,410shares	SOLE	0 / 0 / 4,410
SELECT SECTOR SPDR TRCOMMUNICATION	81369Y852	$1.92B	1.90%	19,867shares	SOLE	0 / 0 / 19,867
SELECT SECTOR SPDR TRSBI CONS DISCR	81369Y407	$1.86B	1.84%	8,295shares	SOLE	0 / 0 / 8,295
INVESCO EXCH TRADED FD TR IIKBW PPTY CASUT	46138E586	$1.81B	1.79%	15,553shares	SOLE	0 / 0 / 15,553
SPDR SER TRPORTFOLIO S&P500	78464A854	$1.78B	1.76%	25,799shares	SOLE	0 / 0 / 25,799
SELECT SECTOR SPDR TRINDL	81369Y704	$1.61B	1.59%	12,185shares	SOLE	0 / 0 / 12,185
SELECT SECTOR SPDR TRSBI INT-UTILS	81369Y886	$1.47B	1.45%	19,379shares	SOLE	0 / 0 / 19,379
SPDR S&P 500 ETF TRTR UNIT	78462F103	$1.45B	1.44%	2,478shares	SOLE	0 / 0 / 2,478
WALMART INCCOM	931142103	$1.38B	1.37%	15,329shares	SOLE	0 / 0 / 15,329
APPLE INCCOM	037833100	$1.38B	1.36%	5,510shares	SOLE	0 / 0 / 5,510
INVESCO EXCH TRADED FD TR IINASDAQ 100 ETF	46138G649	$1.34B	1.32%	6,352shares	SOLE	0 / 0 / 6,352
ALPS ETF TRALERIAN ENERGY	00162Q676	$1.32B	1.31%	42,520shares	SOLE	0 / 0 / 42,520
NVIDIA CORPORATIONCOM	67066G104	$1.30B	1.29%	9,715shares	SOLE	0 / 0 / 9,715
FIRST TR EXCHANGE-TRADED FDNO AMER ENERGY	33738D101	$1.26B	1.24%	35,281shares	SOLE	0 / 0 / 35,281
FIRST TR EXCHANGE-TRADED FDDJ INTERNT IDX	33733E302	$1.26B	1.24%	5,170shares	SOLE	0 / 0 / 5,170
VANECK ETF TRUSTENERGY INCME ET	92189H870	$1.25B	1.24%	13,339shares	SOLE	0 / 0 / 13,339
ISHARES TRU.S. FINLS ETF	464287788	$1.25B	1.24%	11,341shares	SOLE	0 / 0 / 11,341
FIRST TR EXCHANGE TRADED FDCLOUD COMPUTING	33734X192	$1.25B	1.24%	10,516shares	SOLE	0 / 0 / 10,516
ETFIS SER TR IVIRTUS REAVES UT	26923G806	$1.23B	1.21%	19,253shares	SOLE	0 / 0 / 19,253
INVESCO EXCHANGE TRADED FD TAEROSPACE DEFN	46137V100	$1.21B	1.20%	10,580shares	SOLE	0 / 0 / 10,580
ISHARES TRU.S. TECH ETF	464287721	$1.21B	1.19%	7,572shares	SOLE	0 / 0 / 7,572
FIDELITY COVINGTON TRUSTMSCI COMMNTN SVC	316092873	$1.20B	1.19%	20,504shares	SOLE	0 / 0 / 20,504
VANGUARD WORLD FDCOMM SRVC ETF	92204A884	$1.20B	1.19%	7,740shares	SOLE	0 / 0 / 7,740
ISHARES TRUS BR DEL SE ETF	464288794	$1.18B	1.17%	8,194shares	SOLE	0 / 0 / 8,194
GLOBAL X FDSGLB X MLP ENRG I	37954Y293	$1.15B	1.14%	18,957shares	SOLE	0 / 0 / 18,957
INVESCO EXCHANGE TRADED FD TDORSEY WRGT TECH	46137V811	$1.12B	1.11%	15,454shares	SOLE	0 / 0 / 15,454
ETF SER SOLUTIONSAPTUS COLLRD INV	26922A222	$1.11B	1.10%	27,642shares	SOLE	0 / 0 / 27,642
SCHWAB STRATEGIC TRUS SML CAP ETF	808524607	$1.02B	1.01%	39,391shares	SOLE	0 / 0 / 39,391
SELECT SECTOR SPDR TRSBI HEALTHCARE	81369Y209	$981.42M	0.97%	7,134shares	SOLE	0 / 0 / 7,134
VISTRA CORPCOM	92840M102	$910.20M	0.90%	6,602shares	SOLE	0 / 0 / 6,602
LOWES COS INCCOM	548661107	$890.90M	0.88%	3,610shares	SOLE	0 / 0 / 3,610
SPDR SER TRS&P TELECOM	78464A540	$885.46M	0.88%	8,272shares	SOLE	0 / 0 / 8,272
ISHARES TRMORNINGSTAR GRWT	464287119	$848.65M	0.84%	9,472shares	SOLE	0 / 0 / 9,472
SPDR SER TRS&P CAP MKTS	78464A771	$821.05M	0.81%	5,963shares	SOLE	0 / 0 / 5,963
MICROSOFT CORPCOM	594918104	$818.60M	0.81%	1,942shares	SOLE	0 / 0 / 1,942
SILA REALTY TRUST INCCOMMON STOCK	146280508	$811.25M	0.80%	33,358shares	SOLE	0 / 0 / 33,358
ISHARES TRCORE TOTAL USD	46434V613	$802.49M	0.79%	17,754shares	SOLE	0 / 0 / 17,754
ISHARES TRS&P 500 GRWT ETF	464287309	$794.20M	0.79%	7,822shares	SOLE	0 / 0 / 7,822
SCHWAB STRATEGIC TRUS BRD MKT ETF	808524102	$733.30M	0.73%	32,304shares	SOLE	0 / 0 / 32,304
COLUMBIA ETF TR IRESH ENHNC COR	19761L706	$714.48M	0.71%	20,638shares	SOLE	0 / 0 / 20,638
ISHARES TRIBOXX HI YD ETF	464288513	$711.71M	0.70%	9,049shares	SOLE	0 / 0 / 9,049
INVESCO EXCHANGE TRADED FD TS&P500 EQL UTL	46137V274	$698.51M	0.69%	10,627shares	SOLE	0 / 0 / 10,627
VANGUARD WORLD FDUTILITIES ETF	92204A876	$692.57M	0.69%	4,238shares	SOLE	0 / 0 / 4,238
ISHARES TRMSCI USA QLT FCT	46432F339	$681.68M	0.67%	3,828shares	SOLE	0 / 0 / 3,828
SCHWAB STRATEGIC TRUS LCAP GR ETF	808524300	$681.18M	0.67%	24,441shares	SOLE	0 / 0 / 24,441
BLACKROCK ETF TRUSTISHARES US EQUIT	09290C103	$679.31M	0.67%	13,255shares	SOLE	0 / 0 / 13,255
ABBVIE INCCOM	00287Y109	$652.29M	0.65%	3,671shares	SOLE	0 / 0 / 3,671
VANGUARD SCOTTSDALE FDSVNG RUS1000GRW	92206C680	$636.45M	0.63%	6,161shares	SOLE	0 / 0 / 6,161
BROADCOM INCCOM	11135F101	$574.78M	0.57%	2,479shares	SOLE	0 / 0 / 2,479
ISHARES TREAFE GRWTH ETF	464288885	$555.57M	0.55%	5,738shares	SOLE	0 / 0 / 5,738
ISHARES TREAFE VALUE ETF	464288877	$550.82M	0.54%	10,498shares	SOLE	0 / 0 / 10,498
MANAGED PORTFOLIO SERIESKENSINGTON HEDGE	56167N183	$542.37M	0.54%	21,463shares	SOLE	0 / 0 / 21,463
ALPHABET INCCAP STK CL A	02079K305	$541.50M	0.54%	2,861shares	SOLE	0 / 0 / 2,861
ISHARES TR20 YR TR BD ETF	464287432	$541.36M	0.54%	6,199shares	SOLE	0 / 0 / 6,199
AMAZON COM INCCOM	023135106	$521.93M	0.52%	2,379shares	SOLE	0 / 0 / 2,379
BNY MELLON ETF TRUSTHIGH YIELD ETF	09661T800	$521.04M	0.52%	10,926shares	SOLE	0 / 0 / 10,926
VALERO ENERGY CORPCOM	91913Y100	$468.53M	0.46%	3,822shares	SOLE	0 / 0 / 3,822
TESLA INCCOM	88160R101	$445.44M	0.44%	1,103shares	SOLE	0 / 0 / 1,103
SCHWAB STRATEGIC TRUS AGGREGATE B	808524839	$444.57M	0.44%	19,585shares	SOLE	0 / 0 / 19,585
COSTCO WHSL CORP NEWCOM	22160K105	$432.51M	0.43%	472shares	SOLE	0 / 0 / 472
EXXON MOBIL CORPCOM	30231G102	$421.13M	0.42%	3,915shares	SOLE	0 / 0 / 3,915
DUKE ENERGY CORP NEWCOM NEW	26441C204	$413.97M	0.41%	3,842shares	SOLE	0 / 0 / 3,842
PROCTER AND GAMBLE COCOM	742718109	$401.14M	0.40%	2,393shares	SOLE	0 / 0 / 2,393
META PLATFORMS INCCL A	30303M102	$389.97M	0.39%	666shares	SOLE	0 / 0 / 666
ISHARES TRS&P 500 VAL ETF	464287408	$385.44M	0.38%	2,019shares	SOLE	0 / 0 / 2,019
JPMORGAN CHASE & CO.COM	46625H100	$378.26M	0.37%	1,578shares	SOLE	0 / 0 / 1,578
CAPITAL GRP FIXED INCM ETF TUS MULTI-SECTOR	14020Y300	$374.76M	0.37%	13,737shares	SOLE	0 / 0 / 13,737
STARBUCKS CORPCOM	855244109	$333.98M	0.33%	3,660shares	SOLE	0 / 0 / 3,660
VANECK ETF TRUSTCLO ETF	92189H748	$328.67M	0.33%	6,228shares	SOLE	0 / 0 / 6,228
FRANKLIN TEMPLETON ETF TRSENIOR LOAN ETF	35473P595	$328.59M	0.33%	13,542shares	SOLE	0 / 0 / 13,542
INGREDION INCCOM	457187102	$327.82M	0.32%	2,383shares	SOLE	0 / 0 / 2,383
PROSHARES TRPSHS ULT S&P 500	74347R107	$320.34M	0.32%	3,463shares	SOLE	0 / 0 / 3,463
TARGA RES CORPCOM	87612G101	$319.79M	0.32%	1,792shares	SOLE	0 / 0 / 1,792
ISHARES TRMBS ETF	464288588	$315.95M	0.31%	3,446shares	SOLE	0 / 0 / 3,446
GE VERNOVA INCCOM	36828A101	$291.43M	0.29%	886shares	SOLE	0 / 0 / 886
AMERICAN HEALTHCARE REIT INCCOM SHS	398182303	$281.50M	0.28%	9,905shares	SOLE	0 / 0 / 9,905
CARNIVAL CORPUNIT 99/99/9999	143658300	$279.28M	0.28%	11,207shares	SOLE	0 / 0 / 11,207
ISHARES INCMSCI EMRG CHN	46434G764	$275.76M	0.27%	4,973shares	SOLE	0 / 0 / 4,973
SELECT SECTOR SPDR TRENERGY	81369Y506	$269.74M	0.27%	3,149shares	SOLE	0 / 0 / 3,149
NEXSTAR MEDIA GROUP INCCOMMON STOCK	65336K103	$268.63M	0.27%	1,700shares	SOLE	0 / 0 / 1,700
CHEVRON CORP NEWCOM	166764100	$268.10M	0.27%	1,851shares	SOLE	0 / 0 / 1,851
COLGATE PALMOLIVE COCOM	194162103	$263.95M	0.26%	2,903shares	SOLE	0 / 0 / 2,903
PEPSICO INCCOM	713448108	$262.10M	0.26%	1,724shares	SOLE	0 / 0 / 1,724
PHILLIPS 66COM	718546104	$260.90M	0.26%	2,290shares	SOLE	0 / 0 / 2,290
LOCKHEED MARTIN CORPCOM	539830109	$257.95M	0.26%	531shares	SOLE	0 / 0 / 531
GOLDMAN SACHS GROUP INCCOM	38141G104	$257.68M	0.25%	450shares	SOLE	0 / 0 / 450
ELI LILLY & COCOM	532457108	$254.76M	0.25%	330shares	SOLE	0 / 0 / 330
VIPER ENERGY INCCL A	927959106	$244.54M	0.24%	4,984shares	SOLE	0 / 0 / 4,984
AMGEN INCCOM	031162100	$236.33M	0.23%	907shares	SOLE	0 / 0 / 907
ISHARES TRRUSSELL 2000 ETF	464287655	$235.82M	0.23%	1,067shares	SOLE	0 / 0 / 1,067
TALEN ENERGY CORPCOM	87422Q109	$235.72M	0.23%	1,170shares	SOLE	0 / 0 / 1,170
UNIVERSAL CORP VACOM	913456109	$233.36M	0.23%	4,255shares	SOLE	0 / 0 / 4,255
ISHARES TRUS TELECOM ETF	464287713	$227.92M	0.23%	8,495shares	SOLE	0 / 0 / 8,495
KIMBERLY-CLARK CORPCOM	494368103	$223.80M	0.22%	1,708shares	SOLE	0 / 0 / 1,708
CONSTELLATION ENERGY CORPCOM	21037T109	$223.71M	0.22%	1,000shares	SOLE	0 / 0 / 1,000
FIDELITY COVINGTON TRUSTHIGH DIVID ETF	316092840	$223.38M	0.22%	4,473shares	SOLE	0 / 0 / 4,473
INVESCO EXCH TRADED FD TR IIS&P500 HDL VOL	46138E362	$220.39M	0.22%	4,562shares	SOLE	0 / 0 / 4,562
WISDOMTREE TRUS HIGH DIVIDEND	97717W208	$218.56M	0.22%	2,341shares	SOLE	0 / 0 / 2,341
INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT	46137V357	$216.33M	0.21%	1,235shares	SOLE	0 / 0 / 1,235
HUNTINGTON INGALLS INDS INCCOM	446413106	$215.80M	0.21%	1,142shares	SOLE	0 / 0 / 1,142
GENERAL DYNAMICS CORPCOM	369550108	$213.61M	0.21%	811shares	SOLE	0 / 0 / 811
INVESCO EXCH TRADED FD TR IIS&P 500 MOMNTM	46138E339	$211.21M	0.21%	2,223shares	SOLE	0 / 0 / 2,223
ROYAL BK CDACOM	780087102	$208.48M	0.21%	1,730shares	SOLE	0 / 0 / 1,730
ISHARES TRCORE S&P500 ETF	464287200	$202.35M	0.20%	344shares	SOLE	0 / 0 / 344
BANCO SANTANDER S.A.ADR	05964H105	$64.72M	0.06%	14,194shares	SOLE	0 / 0 / 14,194

Filing Metadata

Form type

13F-HR

Filing date

Mar 24, 2025

Holdings as of

December 31, 2024

Accession

0001737888-25-000001

CIK

0001737888

View on SEC

Portfolio Snapshot

Total Portfolio Value

$101.08B

Number of Positions

110

110 reported by filer

Top 10 Concentration

37.5%

Top 20 Concentration

51.2%

Unique Issuers

110

By CUSIP

Avg. Position Size

$918.94M

Across 110 holdings

Top 5 Holdings

ISHARES TR10.2%

ISHARES INC7.1%

ONEOK INC NEW4.7%

SELECT SECTOR SPDR TR4.0%

SELECT SECTOR SPDR TR2.3%