Q2 2026 13F · SEC CIK 1353395

Fulcrum Asset Management LLP

Hedge fundFiled 2026-08-18 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.0B
Reported positions: 1,027
Top holdings a year, 3 yrs: +18.1%
Assets under management: $69.1B

Fulcrum Asset Management LLP is a hedge fund that reported 1,027 positions worth $1.0B in its Q2 2026 13F, filed 2026-08-18. Its largest holdings were Nvidia Corporation (NVDA, 4.5%), Apple Inc (AAPL, 3.3%), Micron Technology Inc (MU, 2.4%). A portfolio copying its top holdings returned 18.1% a year over the last 3 years, against 22.3% for the S&P 500.

Fulcrum Asset Management LLP holdings largest 50 of 1,027 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Fulcrum Asset Management LLP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	4.5%	7.4%	232,336	-21.8%	$45.3M
AAPLApple Inc	3.3%	—	117,131	—	$33.0M
MUMicron Technology Inc	2.4%	1.0%	20,696	-3.6%	$23.7M
AMZNAmazon Com Inc	2.0%	3.2%	84,971	-20.2%	$20.4M
MSFTMicrosoft Corp	1.8%	3.8%	48,559	-30.9%	$17.9M
WMTWalmart Inc	1.8%	—	155,672	—	$17.8M
CAHCardinal Health Inc	1.7%	—	70,116	—	$16.6M
AVGOBroadcom Inc	1.6%	3.2%	42,754	-40.6%	$15.9M
GOOGAlphabet Inc	1.6%	2.6%	44,571	-29.8%	$15.7M
MCKMckesson Corp	1.5%	—	20,716	—	$15.5M
METAMeta Platforms Inc	1.5%	—	27,270	—	$15.3M
CORCencora Inc	1.5%	—	51,748	—	$14.6M
IMCRImmunocore Hldgs PLC	1.4%	—	470,025	—	$14.3M
GOOGLAlphabet Inc	1.3%	2.1%	37,652	-25.2%	$13.3M
LLYEli Lilly & Co	1.1%	—	8,675	—	$10.7M
COSTCostco Wholesale Corporation	1.0%	—	10,779	—	$10.2M
PWRQuanta Svcs Inc	1.0%	—	13,896	—	$9.9M
TSLATesla Inc	1.0%	—	23,815	—	$9.8M
GEVGe Vernova Inc	0.9%	—	8,624	—	$9.5M
FTNTFortinet Inc	0.9%	—	56,540	—	$8.8M
APHAmphenol Corp	0.8%	1.0%	45,241	-14.9%	$7.5M
XOMExxon Mobil Corp	0.7%	—	54,371	—	$7.4M
SLBSlb Limited	0.7%	2.6%	159,459	-52.8%	$7.4M
CATCaterpillar Inc	0.7%	—	7,158	—	$7.4M
KRKroger Co	0.7%	—	128,703	—	$7.2M
HWMHowmet Aerospace Inc	0.7%	—	26,546	—	$7.1M
WWDWoodward, Inc.	0.7%	—	16,194	—	$6.9M
ANETArista Networks Inc	0.7%	—	41,760	—	$6.9M
MNSTMonster Beverage Corp New	0.7%	—	66,932	—	$6.5M
RSGRepublic Svcs Inc	0.6%	2.0%	29,873	-50.1%	$6.4M
JV7207931Jpmorgan Chase & Co	0.6%	—	448,500,000	—	$6.4M
AXPAmerican Express Co	0.6%	—	18,607	—	$6.3M
AMDAdvanced Micro Devices Inc	0.6%	—	11,489	—	$6.2M
BKRBaker Hughes Company Cl A	0.6%	0.8%	106,609	+21.2%	$6.0M
ABTAbbott Laboratories	0.6%	—	63,409	—	$5.9M
TSMTaiwan Semiconductor Manufac	0.6%	—	12,902	—	$5.9M
MSMorgan Stanley	0.6%	—	27,158	—	$5.7M
CTVACorteva Inc	0.6%	—	68,091	—	$5.7M
AJGGallagher Arthur J & Co	0.6%	—	24,583	—	$5.6M
CVXChevron Corporation	0.6%	0.7%	32,955	+54.8%	$5.6M
PLDPrologis Inc	0.5%	—	38,983	—	$5.4M
NEENextera Energy Inc	0.5%	2.0%	60,762	-58.1%	$5.4M
JNJJohnson & Johnson	0.5%	0.8%	20,815	-9.0%	$5.4M
VRTVertiv Holdings Co	0.5%	—	17,377	—	$5.3M
SHOPShopify Inc	0.5%	—	46,316	—	$5.3M
TRVTravelers Companies Inc	0.5%	—	15,488	—	$5.1M
IBKRInteractive Brokers Group in	0.5%	0.7%	58,186	-16.2%	$5.1M
BACBank of Amer Corp	0.5%	—	87,717	—	$5.1M
OKTAOkta Inc	0.5%	—	37,982	—	$5.0M
CMGChipotle Mexican Grill Inc	0.5%	—	150,823	—	$5.0M

What Fulcrum Asset Management LLP bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

CVX Chevron Corporation+54.8% shares
BKR Baker Hughes Company Cl A+21.2% shares

Reduced

NEE Nextera Energy Inc-58.1% shares
SLB Slb Limited-52.8% shares
RSG Republic Svcs Inc-50.1% shares
AVGO Broadcom Inc-40.6% shares
MSFT Microsoft Corp-30.9% shares
GOOG Alphabet Inc-29.8% shares
GOOGL Alphabet Inc-25.2% shares
NVDA Nvidia Corporation-21.8% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +7.9% /yr; S&P 500 +11.7%
3 years: +18.1% /yr; S&P 500 +22.3%
5 years: +5.0% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.0B	1,027
Q1 2026	$661.8M	219
Q4 2025	$359.4M	181
Q3 2025	$360.7M	177
Q2 2025	$350.5M	181
Q2 2020	$298.2M	144

Questions about Fulcrum Asset Management LLP's portfolio

What stocks does Fulcrum Asset Management LLP own?

Fulcrum Asset Management LLP's latest 13F, for Q2 2026 and filed Aug 18, 2026, lists 1,027 positions worth $1.0B. The largest are Nvidia Corporation (NVDA) at 4.5%, Apple Inc (AAPL) at 3.3%, Micron Technology Inc (MU) at 2.4%, Amazon Com Inc (AMZN) at 2.0% and Microsoft Corp (MSFT) at 1.8%.

What did Fulcrum Asset Management LLP buy last quarter?

In Q2 2026, Fulcrum Asset Management LLP added Chevron Corporation (CVX) (+54.8% shares) and Baker Hughes Company Cl A (BKR) (+21.2% shares), compared with its Q1 2026 filing.

What did Fulcrum Asset Management LLP sell last quarter?

In Q2 2026, Fulcrum Asset Management LLP cut from its top 50 Darling Ingredients Inc (DAR), cut from its top 50 Halliburton Co (HAL), cut from its top 50 Waste Mgmt Inc Del (WM), cut from its top 50 Liberty Energy Inc (LBRT), cut from its top 50 Propetro Hldg Corp (PUMP), Nextera Energy Inc (NEE) (-58.1% shares), Slb Limited (SLB) (-52.8% shares) and Republic Svcs Inc (RSG) (-50.1% shares), compared with its Q1 2026 filing.

How has Fulcrum Asset Management LLP's portfolio performed?

A portfolio copying Fulcrum Asset Management LLP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.1% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +7.9% against +11.7%. Over 5 years: +5.0% a year against +10.6%.

When is Fulcrum Asset Management LLP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Fulcrum Asset Management LLP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Fulcrum Asset Management LLP manage?

Fulcrum Asset Management LLP reported $69.1B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.0B.