Fulcrum Equity Management Q2 2025 Filing

Filed August 25, 2025

Portfolio Value

$97.4B

Holdings

102

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (102 positions)

#StockSharesValue% PortfolioType
1
ITOTISHARES TR
80,410$10.9B11.15%
2
URTHISHARES INC
46,192$7.8B8.04%
3
SPYSPDR S&P 500 ETF TR
11,177$6.9B7.09%
4
SPLVINVESCO EXCH TRADED FD TR II
66,540$4.8B4.98%
5
XLKSELECT SECTOR SPDR TR
18,539$4.7B4.82%
6
OKEONEOK INC NEW
49,213$4.0B4.13%
7
BRK/BBERKSHIRE HATHAWAY INC DEL
4,418$2.1B2.20%
8
XLFSELECT SECTOR SPDR TR
36,467$1.9B1.96%
9
XLCSELECT SECTOR SPDR TR
16,357$1.8B1.82%
10
NVDANVIDIA CORPORATION
11,013$1.7B1.79%
11
IYWISHARES TR
8,965$1.6B1.60%
12
WMTWALMART INC
15,693$1.5B1.58%
13
QQQMINVESCO EXCH TRADED FD TR II
6,553$1.5B1.53%
14
KIESPDR SERIES TRUST
24,649$1.5B1.51%
15
BILSPDR SERIES TRUST
14,519$1.3B1.37%
16
XLUSELECT SECTOR SPDR TR
15,544$1.3B1.30%
17
XLFISELECT SECTOR SPDR TR
15,432$1.2B1.28%
18
ENFRALPS ETF TR
33,442$1.1B1.11%
19
SCHBSCHWAB STRATEGIC TR
41,805$996.2M1.02%
20
EINCVANECK ETF TRUST
9,871$974.2M1.00%
21
XLISELECT SECTOR SPDR TR
6,584$971.3M1.00%
22
EMLPFIRST TR EXCHANGE-TRADED FD
25,819$968.5M0.99%
23
SCHGSCHWAB STRATEGIC TR
32,820$958.7M0.98%
24
SPYMSPDR SERIES TRUST
13,111$953.0M0.98%
25
IVVISHARES TR
1,512$938.9M0.96%
26
FXUFIRST TR EXCHANGE TRADED FD
21,953$930.4M0.96%
27
AAPLAPPLE INC
4,370$896.6M0.92%
28
MLPXGLOBAL X FDS
13,972$875.5M0.90%
29
AMZNAMAZON COM INC
3,907$857.2M0.88%
30
XLVSELECT SECTOR SPDR TR
6,342$854.8M0.88%
31
IAKISHARES TR
6,351$853.9M0.88%
32
XLYSELECT SECTOR SPDR TR
3,901$847.8M0.87%
33
QUALISHARES TR
4,462$815.7M0.84%
34
SHYISHARES TR
9,475$785.1M0.81%
35
LOWLOWES COS INC
3,440$763.2M0.78%
36
EFVISHARES TR
11,966$759.6M0.78%
37
AVGOBROADCOM INC
2,628$724.5M0.74%
38
SILASILA REALTY TRUST INC
30,429$720.2M0.74%
39
DYNFBLACKROCK ETF TRUST
13,028$709.5M0.73%
40
METAMETA PLATFORMS INC
918$677.6M0.70%
41
IVWISHARES TR
5,902$649.8M0.67%
42
ABBVABBVIE INC
3,443$639.1M0.66%
43
IUSBISHARES TR
13,311$615.4M0.63%
44
IVEISHARES TR
2,955$577.5M0.59%
45
XTENBONDBLOXX ETF TRUST
12,082$557.7M0.57%
46
ACWVISHARES INC
4,310$511.0M0.52%
47
GEVGE VERNOVA INC
941$497.9M0.51%
48
IEMGISHARES INC
8,104$486.5M0.50%
49
TSLATESLA INC
1,531$486.3M0.50%
50
HYGISHARES TR
5,769$465.3M0.48%
51
GOOGLALPHABET INC
2,633$463.9M0.48%
52
KLMNINVESCO EXCH TRADED FD TR II
4,117$463.0M0.48%
53
DUKDUKE ENERGY CORP NEW
3,893$459.4M0.47%
54
COSTCOSTCO WHSL CORP NEW
449$444.6M0.46%
55
JPMJPMORGAN CHASE & CO.
1,530$443.6M0.46%
56
BKHYBNY MELLON ETF TRUST
8,944$431.9M0.44%
57
MSFTMICROSOFT CORP
836$415.9M0.43%
58
XOMEXXON MOBIL CORP
3,816$411.4M0.42%
59
SCHZSCHWAB STRATEGIC TR
16,342$379.8M0.39%
60
KHPIMANAGED PORTFOLIO SERIES
14,993$379.0M0.39%
61
FLHYFRANKLIN TEMPLETON ETF TR
15,385$374.6M0.38%
62
VLOVALERO ENERGY CORP
2,735$367.6M0.38%
63
AHRAMERICAN HEALTHCARE REIT INC
9,905$363.9M0.37%
64
FTECFIDELITY COVINGTON TRUST
1,824$359.8M0.37%
65
EFGISHARES TR
2,997$335.6M0.34%
66
SBUXSTARBUCKS CORP
3,636$333.2M0.34%
67
SPYGSPDR SERIES TRUST
3,365$320.8M0.33%
68
XLGINVESCO EXCHANGE TRADED FD T
6,099$317.8M0.33%
69
THROBLACKROCK ETF TRUST
8,874$315.7M0.32%
70
CSCOCISCO SYS INC
4,464$309.7M0.32%
71
VONGVANGUARD SCOTTSDALE FDS
2,819$307.8M0.32%
72
DASHDOORDASH INC
1,236$304.7M0.31%
73
TMBTHORNBURG ETF TR
11,770$299.5M0.31%
74
GSGOLDMAN SACHS GROUP INC
411$290.9M0.30%
75
TRGPTARGA RES CORP
1,667$290.3M0.30%
76
APHAMPHENOL CORP NEW
2,871$283.5M0.29%
77
JPIEJ P MORGAN EXCHANGE TRADED F
5,933$274.8M0.28%
78
ORCLORACLE CORP
1,238$270.7M0.28%
79
XLESELECT SECTOR SPDR TR
3,149$267.1M0.27%
80
MBBISHARES TR
2,814$264.2M0.27%
81
NFLXNETFLIX INC
192$257.1M0.26%
82
CMECME GROUP INC
919$253.2M0.26%
83
CHTCHUNGHWA TELECOM CO LTD
5,374$250.5M0.26%
84
SSOPROSHARES TR
2,499$244.2M0.25%
85
IAGGISHARES TR
4,493$229.5M0.24%
86
RYROYAL BK CDA
1,732$227.8M0.23%
87
SPOTSPOTIFY TECHNOLOGY S A
296$227.1M0.23%
88
ILCGISHARES TR
2,339$226.6M0.23%
89
RTXRTX CORPORATION
1,545$225.6M0.23%
90
JCIJOHNSON CTLS INTL PLC
2,127$224.7M0.23%
91
JQUAJ P MORGAN EXCHANGE TRADED F
3,700$222.2M0.23%
92
COWGPACER FDS TR
6,313$221.6M0.23%
93
4I1PHILIP MORRIS INTL INC
1,189$216.6M0.22%
94
KMBKIMBERLY-CLARK CORP
1,662$214.2M0.22%
95
PSXPHILLIPS 66
1,787$213.2M0.22%
96
NVSNNOVARTIS AG
1,749$211.6M0.22%
97
BACVERIZON COMMUNICATIONS INC
4,810$208.1M0.21%
98
PHPARKER-HANNIFIN CORP
293$204.7M0.21%
99
AMGNAMGEN INC
732$204.5M0.21%
100
LSTMANAGED PORTFOLIO SERIES
5,500$202.2M0.21%
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