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Fulcrum Asset Management LLP

Q1 2026 · 13F-HR

Fulcrum Asset Management LLPholdings as filed

Filed 2026-05-14 · accession 0001353395-26-000004

$661.8M
Reported value
219
Positions
2026-03-31
Period end
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The Brief · Fulcrum Asset Management LLP · Q1 2026

AI · grounded in 13F

Fulcrum Asset Management LLP established a new position in NVDA valued at $49.1M. The fund also initiated new stakes in MSFT for $25.2M and DAR for $22.1M. Additional new positions include AMZN, AVGO, and HAL.

Holdings as filed

CUSIPTickerIssuerValue% port.SharesClassVoting
67066G104NVDANVIDIA CORP$49.1M7.41%297,019CommonSOLE
594918104MSFTMICROSOFT CORP COMP$25.2M3.81%70,272CommonSOLE
237266101DARDARLING INGREDIENTS INC$22.1M3.34%365,718CommonSOLE
023135106AMZNAMAZON.COM INC COMP$21.4M3.23%106,427CommonSOLE
11135F101AVGOBROADCOM INC COMP$21.1M3.19%71,950CommonSOLE
406216101HALHALLIBURTON CO COMP$20.1M3.04%511,950CommonSOLE
806857108SLBSLB LTD$17.4M2.63%337,698CommonSOLE
02079K107GOOGALPHABET IN-CL C$17.3M2.62%63,509CommonSOLE
94106L109WMWASTE MANAGEMENT INC$16.3M2.47%71,009CommonSOLE
02079K305GOOGLALPHABET INC-CL A$13.8M2.08%50,344CommonSOLE
65339F101NEENEXTERA ENERGY INC COMP$13.4M2.02%145,168CommonSOLE
760759100RSGREPUBLIC SERVICES INC COMP$13.3M2.01%59,921CommonSOLE
53115L104LBRTLIBERTY ENERGY -A COMP$12.3M1.86%427,054CommonSOLE
74347M108PUMPPROPETRO HOLDING CORP COMP$12.1M1.83%827,700CommonSOLE
00BK9ZQ96TRANE TECHNOLOGIES PLC COMP$11.3M1.70%27,854CommonSOLE
46625H100JPMJPMORGAN CHASE & CO$10.9M1.65%38,377CommonSOLE
703481101PTENPATTERSON-UTI ENERGY INC COMP$10.4M1.57%940,736CommonSOLE
127203107WHDCACTUS INC - A COMP$10.4M1.57%222,480CommonSOLE
125269100CFCF INDUSTRIES HOLDINGS INC$10.1M1.52%73,201CommonSOLE
423452101HPHELMERICH & PAYNE COMP$9.8M1.48%272,480CommonSOLE
25179M103DVNDEVON ENERGY CORP COMP$9.4M1.41%181,714CommonSOLE
393222104GPREGREEN PLAINS INC$9.0M1.36%544,756CommonSOLE
62955J103NOVNOV INC COMP$8.1M1.22%436,176CommonSOLE
94106B101WCNWASTE CONNECTIONS INC$7.9M1.19%48,511CommonSOLE
69318G106PBFPBF ENERGY INC-CLASS A COMP$7.7M1.16%152,598CommonSOLE
92826C839VVISA INC-CLASS A SHARES$7.5M1.13%24,976CommonSOLE
G87110105FTITECHNIPFMC PLC COMP$7.3M1.10%107,502CommonSOLE
67077M108NTRNUTRIEN LTD$7.0M1.06%91,990CommonSOLE
595112103MUMICRON TECHNOLOGY INC COMP$6.9M1.04%21,469CommonSOLE
57636Q104MAMASTERCARD INC - A$6.6M1.00%13,337CommonSOLE
032095101APHAMPHENOL CORP-CL A COMP$6.3M0.96%53,150CommonSOLE
403949100DINOHF SINCLAIR CORP COMP$6.0M0.91%95,270CommonSOLE
89417E121TRAVELERS COS INC/THE$5.6M0.84%19,028CommonSOLE
478160104JNJJOHNSON & JOHNSON$5.5M0.84%22,876CommonSOLE
008474108AEMAGNICO EAGLE MINES LTD COMP$5.5M0.83%28,512CommonSOLE
05722G100BKRBAKER HUGHES CO COMP$5.3M0.81%87,946CommonSOLE
718546104PSXPHILLIPS 66 COMP$5.1M0.77%27,667CommonSOLE
496902404KGCKINROSS GOLD CORP COMP$5.0M0.76%175,316CommonSOLE
30040W108ESEVERSOURCE ENERGY COMP$4.5M0.68%65,726CommonSOLE
166764100CVXCHEVRON CORP COMP$4.5M0.68%21,286CommonSOLE
031100100AMEAMETEK INC COMP$4.5M0.68%21,485CommonSOLE
45841N107IBKRINTERACTIVE BROKERS GRO-CL A COMP$4.4M0.67%69,413CommonSOLE
184496107CLHCLEAN HARBORS INC$4.4M0.66%15,555CommonSOLE
G6359F137NBRNABORS INDUSTRIES LTD COMP$4.3M0.65%49,420CommonSOLE
743315103PGRPROGRESSIVE CORP COMP$4.3M0.65%21,216CommonSOLE
56585A102MPCMARATHON PETROLEUM CORP COMP$4.2M0.63%17,110CommonSOLE
780287108RGLDROYAL GOLD INC COMP$4.2M0.63%17,519CommonSOLE
688239201OSKOSHKOSH CORP COMP$4.2M0.63%30,326CommonSOLE
038222105AMATAPPLIED MATERIALS INC COMP$4.2M0.63%12,860CommonSOLE
013872106AAALCOA CORP COMP$4.2M0.63%65,662CommonSOLE
749660106RESRPC INC COMP$3.9M0.60%552,228CommonSOLE
88642R109TDWTIDEWATER INC COMP$3.9M0.58%47,198CommonSOLE
883556102TMOTHERMO FISHER SCIENTIFIC INC COMP$3.8M0.57%7,907CommonSOLE
704551100BTUPEABODY ENERGY CORP COMP$3.7M0.55%102,484CommonSOLE
209115104EDCONSOLIDATED EDISON INC COMP$3.6M0.54%31,473CommonSOLE
697435105PANWPALO ALTO NETWORKS INC COMP$3.3M0.49%21,196CommonSOLE
91913Y100VLOVALERO ENERGY CORP COMP$3.3M0.49%13,012CommonSOLE
512807306LRCXLAM RESEARCH CORP COMP$3.0M0.46%15,104CommonSOLE
030420103AWKAMERICAN WATER WORKS CO INC COMP$3.0M0.45%21,265CommonSOLE
219948106CPAYCORPAY INC COMP$2.9M0.45%10,157CommonSOLE
78409V104SPGIS&P GLOBAL INC$2.8M0.43%6,814CommonSOLE
617446448MSMORGAN STANLEY COMP$2.8M0.43%17,782CommonSOLE
58933Y105MRKMERCK & CO. INC. COMP$2.8M0.42%23,792CommonSOLE
052769106ADSKAUTODESK INC COMP$2.8M0.42%11,754CommonSOLE
450913108IAGIAMGOLD CORP COMP$2.7M0.41%155,506CommonSOLE
101137107BSXBOSTON SCIENTIFIC CORP$2.7M0.41%42,851CommonSOLE
67011P100DNOWNOW INC COMP$2.7M0.41%231,120CommonSOLE
007903107AMDADVANCED MICRO DEVICES COMP$2.7M0.40%13,534CommonSOLE
872540109TJXTJX COMPANIES INC$2.7M0.40%17,023CommonSOLE
011532108AGIALAMOS GOLD INC-CLASS A COMP$2.6M0.40%59,392CommonSOLE
060505104BACBANK OF AMERICA CORP$2.6M0.40%55,893CommonSOLE
713448108PEPPEPSICO INC$2.5M0.37%15,817CommonSOLE
91324P102UNHUNITEDHEALTH GROUP INC COMP$2.4M0.36%9,100CommonSOLE
22052L104CTVACORTEVA INC COMP$2.4M0.36%28,342CommonSOLE
816851109SRESEMPRA ENERGY COMP$2.3M0.35%23,917CommonSOLE
23331A109DHIDR HORTON INC$2.3M0.34%17,218CommonSOLE
96208T104WEXWEX INC COMP$2.2M0.33%14,305CommonSOLE
87612G101TRGPTARGA RESOURCES CORP COMP$2.2M0.33%8,673CommonSOLE
874054109TTWOTAKE-TWO INTERACTIVE SOFTWRE COMP$2.1M0.32%11,020CommonSOLE
93627C101HCCWARRIOR MET COAL INC COMP$2.1M0.32%22,510CommonSOLE
548661107LOWLOWE'S COS INC$2.1M0.32%9,010CommonSOLE
125523100CICIGNA CORP$2.1M0.31%7,956CommonSOLE
169656105CMGCHIPOTLE MEXICAN GRILL INC COMP$2.0M0.31%64,909CommonSOLE
682680103OKEONEOK INC COMP$1.8M0.27%19,445CommonSOLE
363576109AJGARTHUR J GALLAGHER & CO COMP$1.6M0.25%7,557CommonSOLE
24665A103DKDELEK US HOLDINGS INC COMP$1.5M0.23%33,720CommonSOLE
526057104LENLENNAR CORP-A$1.5M0.23%18,009CommonSOLE
502431109LHXL3HARRIS TECHNOLOGIES INC COMP$1.5M0.22%4,362CommonSOLE
036752103ELVELEVANCE HEALTH INC COMP$1.5M0.22%5,195CommonSOLE
337738108FISVFISERV INC COMP$1.5M0.22%27,066CommonSOLE
79466L302CRMSALESFORCE.COM INC$1.4M0.21%7,631CommonSOLE
29250N105ENBENBRIDGE INC COMP$1.4M0.21%25,174CommonSOLE
969457100WMBWILLIAMS COS INC COMP$1.4M0.20%18,639CommonSOLE
675232102OIIOCEANEERING INTL INC COMP$1.3M0.20%38,817CommonSOLE
87484T108TALOTALOS ENERGY INC COMP$1.2M0.19%75,274CommonSOLE
92343V104VZVERIZON COMMUNICATIONS INC COMP$1.2M0.18%23,456CommonSOLE
61945C103MOSMOSAIC CO/THE COMP$1.2M0.17%46,051CommonSOLE
55354G100MSCIMSCI INC COMP$1.1M0.16%2,048CommonSOLE
00206R102TAT&T INC COMP$1.1M0.16%36,586CommonSOLE
020764106AMRALPHA METALLURGICAL RESOURCE COMP$1.0M0.16%4,856CommonSOLE
13321L108CCJCAMECO CORP COMP$1.0M0.15%9,379CommonSOLE
025537101AEPAMERICAN ELECTRIC POWER COMP$1.0M0.15%7,754CommonSOLE
29446Y502EQXEQUINOX GOLD CORP COMP$1.0M0.15%69,682CommonSOLE
205768302CRKCOMSTOCK RESOURCES INC COMP$1.0M0.15%45,814CommonSOLE
482480100KLACKLA CORP COMP$992,6920.15%718CommonSOLE
49456B101KMIKINDER MORGAN INC COMP$980,9310.15%29,151CommonSOLE
65473P105NINISOURCE INC COMP$969,8040.15%20,856CommonSOLE
278865100ECLECOLAB INC$958,6130.14%3,652CommonSOLE
03676B102AMANTERO MIDSTREAM CORP COMP$927,3890.14%40,112CommonSOLE
55336V100MPLXMPLX LP COMP$925,7190.14%16,052CommonSOLE
049560105ATOATMOS ENERGY CORP COMP$909,1880.14%4,914CommonSOLE
023608102AEEAMEREN CORPORATION COMP$875,2460.13%7,980CommonSOLE
69370C100PTCPTC INC COMP$873,5730.13%6,255CommonSOLE
00724F101ADBEADOBE SYSTEMS INC$864,6920.13%3,586CommonSOLE
008073108AVAVAEROVIRONMENT INC COMP$749,2910.11%4,234CommonSOLE
74340W103PLDPROLOGIS INC$732,8870.11%5,691CommonSOLE
110122108BMYBRISTOL-MYERS SQUIBB CO$715,5060.11%11,979CommonSOLE
461202103INTUINTUIT INC COMP$682,5870.10%1,591CommonSOLE
293792107EPDENTERPRISE PRODUCTS PARTNERS COMP$658,8500.10%16,859CommonSOLE
745867101PHMPULTEGROUP INC COMP$628,0760.09%5,523CommonSOLE
872590104TMUST-MOBILE US INC COMP$622,5650.09%2,910CommonSOLE
12662P108CVICVR ENERGY INC COMP$618,1580.09%17,692CommonSOLE
36168Q104GFLGFL ENVIRONMENTAL INC-SUB VT COMP$608,9790.09%15,070CommonSOLE
907818108UNPUNION PACIFIC CORP$593,7690.09%2,482CommonSOLE
12572Q105CMECME GROUP INC COMP$579,9830.09%1,949CommonSOLE
45168D104IDXXIDEXX LABORATORIES INC$577,7020.09%1,037CommonSOLE
670837103OGEOGE ENERGY CORP COMP$569,3160.09%11,888CommonSOLE
65340P106NXENEXGEN ENERGY LTD COMP$565,6560.09%48,771CommonSOLE
03990B101ARESARES MANAGEMENT CORP - A COMP$549,7120.08%5,106CommonSOLE
98389B100XELXCEL ENERGY INC COMP$525,4970.08%6,638CommonSOLE
72703H101PLNTPLANET FITNESS INC - CL A COMP$509,9170.08%6,916CommonSOLE
726503105PAAPLAINS ALL AMER PIPELINE LP COMP$500,6770.08%22,282CommonSOLE
053015103ADPAUTOMATIC DATA PROCESSING$482,0330.07%2,346CommonSOLE
571748102MRSHMARSH & MCLENNAN COS$475,4130.07%2,721CommonSOLE
126408103CSXCSX CORP$471,6720.07%11,860CommonSOLE
35671D857FCXFREEPORT-MCMORAN INC COMP$471,0830.07%8,620CommonSOLE
91912E109VALE SA-SP ADR COMP$437,6280.07%28,982CommonSOLE
30034W106EVRGEVERGY INC COMP$430,7950.07%5,280CommonSOLE
655844108NSCNORFOLK SOUTHERN CORP$400,9090.06%1,420CommonSOLE
651639106NEMNEWMONT GOLDCORP CORP COMP$389,8970.06%3,781CommonSOLE
706327103PBAPEMBINA PIPELINE CORP COMP$386,9260.06%8,566CommonSOLE
29273V100ETENERGY TRANSFER LP COMP$365,6280.06%18,664CommonSOLE
98978V103ZTSZOETIS INC$362,2520.05%3,114CommonSOLE
92939U106WECWEC ENERGY GROUP INC COMP$351,2950.05%3,046CommonSOLE
958669103WESWESTERN MIDSTREAM PARTNERS L COMP$330,1710.05%7,933CommonSOLE
70450Y103PYPLPAYPAL HOLDINGS INC$322,2490.05%7,214CommonSOLE
437076102HDHOME DEPOT INC COMP$315,7360.05%976CommonSOLE
833635105SQMQUIMICA Y MINERA CHIL-SP ADR COMP$307,5770.05%3,801CommonSOLE
756109104OREALTY INCOME CORP$307,3400.05%5,026CommonSOLE
136375102CNICANADIAN NATL RAILWAY CO COMP$303,7870.05%2,998CommonSOLE
34959E117FORTINET INC COMP$296,3580.04%3,749CommonSOLE
020002101ALLALLSTATE CORP$291,6290.04%1,407CommonSOLE
G54950103LINLINDE PLC COMP$273,5940.04%548CommonSOLE
916896103UECURANIUM ENERGY CORP COMP$242,9510.04%19,405CommonSOLE
248356107DNNDENISON MINES CORP COMP$234,9200.04%66,311CommonSOLE
147448104CWSTCASELLA WASTE SYSTEMS INC-A COMP$218,9150.03%2,793CommonSOLE
29446M102EQNREQUINOR ASA$215,6090.03%4,972CommonSOLE
371927104GELGENESIS ENERGY L.P. COMP$207,3730.03%11,683CommonSOLE
292671708UUUUENERGY FUELS INC COMP$185,7160.03%10,131CommonSOLE
62944T105NVRNVR INC COMP$162,4840.02%25CommonSOLE
679295105OKTAOKTA INC COMP$159,6950.02%2,116CommonSOLE
253868103DLRDIGITAL REALTY TRUST INC$134,5380.02%768CommonSOLE
518439104ELESTEE LAUDER COMPANIES-CL A COMP$121,6840.02%1,790CommonSOLE
595017104MCHPMICROCHIP TECHNOLOGY INC COMP$120,4800.02%2,006CommonSOLE
48666K109KBHKB HOME$120,0620.02%2,377CommonSOLE
29444U700EQIXEQUINIX INC$109,9020.02%114CommonSOLE
952845105WFGWEST FRASER TIMBER CO LTD$97,4230.01%1,489CommonSOLE
929089100VOYAVOYA FINANCIAL INC$94,3290.01%1,410CommonSOLE
32054K103FRFIRST INDUSTRIAL REALTY TR$87,6650.01%1,531CommonSOLE
88146M101TRNOTERRENO REALTY CORP$80,7330.01%1,332CommonSOLE
888787108TOSTTOAST INC-CLASS A COMP$80,5780.01%3,092CommonSOLE
277276101EGPEASTGROUP PROPERTIES INC$79,6350.01%434CommonSOLE
03027X100AMTAMERICAN TOWER CORP$72,7440.01%427CommonSOLE
460146103IPINTERNATIONAL PAPER CO$72,1700.01%2,062CommonSOLE
15643U104LEUCENTRUS ENERGY CORP-CLASS A COMP$72,1270.01%428CommonSOLE
85254J102STAGSTAG INDUSTRIAL INC$71,0250.01%1,968CommonSOLE
15135B101CNCCENTENE CORP COMP$69,5780.01%2,188CommonSOLE
444859102HUMHUMANA INC$68,0600.01%410CommonSOLE
099502106BAHBOOZ ALLEN HAMILTON HOLDINGS COMP$66,3180.01%840CommonSOLE
02665T306AMHAMERICAN HOMES 4 RENT- A$63,7360.01%2,282CommonSOLE
889478103TOLTOLL BROTHERS INC COMP$63,5340.01%487CommonSOLE
637417106NNNNATIONAL RETAIL PROPERTIES$63,4210.01%1,514CommonSOLE
98956A105ZETAZETA GLOBAL HOLDINGS CORP-A COMP$62,5570.01%4,224CommonSOLE
87265H109T86TRI POINTE GROUP INC$61,0840.01%1,308CommonSOLE
74736L109QTWOQ2 HOLDINGS INC COMP$58,4580.01%1,255CommonSOLE
Y41053102INSWINTERNATIONAL SEAWAYS INC COMP$58,3040.01%822CommonSOLE
87724P106TMHCTAYLOR MORRISON HOME CORP-A$57,4390.01%1,004CommonSOLE
46187W107INVHINVITATION HOMES INC$56,3270.01%2,274CommonSOLE
G8726X106TNKTEEKAY TANKERS LTD-CLASS A COMP$51,8620.01%720CommonSOLE
Y2065G121DHTDHT HOLDINGS INC COMP$48,7520.01%2,719CommonSOLE
30225T102EXREXTRA SPACE STORAGE INC COMP$46,6940.01%364CommonSOLE
76169C100REXRREXFORD INDUSTRIAL REALTY IN$44,6890.01%1,370CommonSOLE
871607107SNPSSYNOPSYS INC COMP$43,6780.01%114CommonSOLE
546347105LPXLOUISIANA-PACIFIC CORP$42,3730.01%603CommonSOLE
01644J108ALKTALKAMI TECHNOLOGY INC COMP$41,8390.01%2,682CommonSOLE
67059N108NTNXNUTANIX INC - A COMP$41,3440.01%1,090CommonSOLE
59522J103MAAMID-AMERICA APARTMENT COMM$40,1680.01%330CommonSOLE
22822V101CCICROWN CASTLE INTL CORP$39,6010.01%497CommonSOLE
74460D109PSAPUBLIC STORAGE COMP$35,7930.01%135CommonSOLE
29472R108ELSEQUITY LIFESTYLE PROPERTIES$34,5110.01%552CommonSOLE
053484101AVBAVALONBAY COMMUNITIES INC$30,5350.00%189CommonSOLE
Y7542C130STNGSCORPIO TANKERS INC COMP$29,7590.00%404CommonSOLE
133131102CPTCAMDEN PROPERTY TRUST$29,4500.00%301CommonSOLE
78410G104SBACSBA COMMUNICATIONS CORP$28,5310.00%168CommonSOLE
G89479102TRMDTORM PLC$28,3320.00%1,015CommonSOLE
81686C104628SEMRUSH HOLDINGS INC-A COMP$27,7960.00%2,328CommonSOLE
902653104UDRUDR INC$26,9620.00%801CommonSOLE
866674104SUISUN COMMUNITIES INC$26,6280.00%211CommonSOLE
29476L107EQREQUITY RESIDENTIAL$24,4280.00%417CommonSOLE
92538J106VERXVERTEX INC - CLASS A COMP$22,5110.00%1,929CommonSOLE
297178105ESSESSEX PROPERTY TRUST INC$21,3500.00%88CommonSOLE
229663109CUBECUBESMART COMP$19,6730.00%548CommonSOLE
59001A102MTHMERITAGE HOMES CORP$18,6820.00%311CommonSOLE
85208T107CXMSPRINKLR INC-A COMP$16,4540.00%2,770CommonSOLE
637870106NSANATIONAL STORAGE AFFILIATES COMP$14,0600.00%380CommonSOLE
45378A106IRTINDEPENDENCE REALTY TRUST IN COMP$13,2700.00%896CommonSOLE
268150109DTDYNATRACE INC COMP$11,0650.00%298CommonSOLE
50187T106LGIHLGI HOMES INC$9,9280.00%263CommonSOLE
780087102RYROYAL BANK OF CANADA COMP$4850.00%3CommonSOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.