Fulcrum Asset Management LLP — 13F Holdings & Portfolio
CIK 1353395 · latest 13F-HR filed 2026-05-14
Fulcrum Asset Management LLP manages $661.8M in 13F-reported U.S. long-equity assets across 220 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NVDA (7.41%), MSFT (3.81%), DAR (3.34%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 52 new positions, exited 14, added to 69, and trimmed 71.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$661.8M
Long-equity book
220
Distinct positions
2026-03-31
Filed 2026-05-14
+52 / −14 / ↑69 / ↓71
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SLB LTD$14.4M +487.4%
- WASTE MANAGEMENT INC$13.0M +385.6%
- NEXTERA ENERGY INC COMP$8.2M +161.2%
- NVIDIA CORP$8.2M +20.0%
- REPUBLIC SERVICES INC$7.1M +115.1%
Top Trims
- MICROSOFT CORP COMP-$3.6M -12.4%
- AMEREN CORPORATION COMP-$3.2M -78.7%
- ROYAL BANK OF CANADA COMP-$2.0M -100.0%
- ARES MANAGEMENT CORP - A COMP-$2.0M -78.4%
- MICRON TECHNOLOGY INC COMP-$1.7M -19.3%
New Positions
- DARLING INGREDIENTS INC$22.1M
- HALLIBURTON CO COMP$20.1M
- LIBERTY ENERGY -A COMP$12.3M
- PROPETRO HOLDING CORP COMP$12.1M
- TRANE TECHNOLOGIES PLC COMP$11.3M
Exited Positions
- TRAVELERS COS INC/THE$5.1M
- APTARGROUP INC COMP$1.8M
- CHURCH & DWIGHT CO INC COMP$971.8K
- SERVICENOW INC COMP$771.1K
- ALLIANT ENERGY CORP COMP$481.4K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 67066G104 | $49.1M | 7.41% | 297,019 | SH |
| 2 | MICROSOFT CORP COMP | MSFT | 594918104 | $25.2M | 3.81% | 70,272 | SH |
| 3 | DARLING INGREDIENTS INC | DAR | 237266101 | $22.1M | 3.34% | 365,718 | SH |
| 4 | AMAZON.COM INC COMP | AMZN | 023135106 | $21.4M | 3.23% | 106,427 | SH |
| 5 | BROADCOM INC COMP | AVGO | 11135F101 | $21.1M | 3.19% | 71,950 | SH |
| 6 | HALLIBURTON CO COMP | HAL | 406216101 | $20.1M | 3.04% | 511,950 | SH |
| 7 | SLB LTD | SLB | 806857108 | $17.4M | 2.63% | 337,698 | SH |
| 8 | ALPHABET IN-CL C | GOOG | 02079K107 | $17.3M | 2.62% | 63,509 | SH |
| 9 | WASTE MANAGEMENT INC | WM | 94106L109 | $16.3M | 2.47% | 71,009 | SH |
| 10 | ALPHABET INC-CL A | GOOGL | 02079K305 | $13.8M | 2.08% | 50,344 | SH |
| 11 | NEXTERA ENERGY INC COMP | NEE | 65339F101 | $13.4M | 2.02% | 145,168 | SH |
| 12 | LIBERTY ENERGY -A COMP | LBRT | 53115L104 | $12.3M | 1.86% | 427,054 | SH |
| 13 | PROPETRO HOLDING CORP COMP | PUMP | 74347M108 | $12.1M | 1.83% | 827,700 | SH |
| 14 | REPUBLIC SERVICES INC COMP | RSG | 760759100 | $11.6M | 1.75% | 52,208 | SH |
| 15 | TRANE TECHNOLOGIES PLC COMP | TT | 00BK9ZQ96 | $11.3M | 1.70% | 27,854 | SH |
| 16 | JPMORGAN CHASE & CO | JPM | 46625H100 | $10.9M | 1.65% | 38,377 | SH |
| 17 | PATTERSON-UTI ENERGY INC COMP | PTEN | 703481101 | $10.4M | 1.57% | 940,736 | SH |
| 18 | CACTUS INC - A COMP | WHD | 127203107 | $10.4M | 1.57% | 222,480 | SH |
| 19 | CF INDUSTRIES HOLDINGS INC | CF | 125269100 | $10.1M | 1.52% | 73,201 | SH |
| 20 | HELMERICH & PAYNE COMP | HP | 423452101 | $9.8M | 1.48% | 272,480 | SH |
| 21 | DEVON ENERGY CORP COMP | DVN | 25179M103 | $9.4M | 1.41% | 181,714 | SH |
| 22 | GREEN PLAINS INC | GPRE | 393222104 | $9.0M | 1.36% | 544,756 | SH |
| 23 | NOV INC COMP | NOV | 62955J103 | $8.1M | 1.22% | 436,176 | SH |
| 24 | WASTE CONNECTIONS INC | WCN | 94106B101 | $7.9M | 1.19% | 48,511 | SH |
| 25 | PBF ENERGY INC-CLASS A COMP | PBF | 69318G106 | $7.7M | 1.16% | 152,598 | SH |
| 26 | VISA INC-CLASS A SHARES | V | 92826C839 | $7.5M | 1.13% | 24,976 | SH |
| 27 | TECHNIPFMC PLC COMP | FTI | G87110105 | $7.3M | 1.10% | 107,502 | SH |
| 28 | NUTRIEN LTD | NTR | 67077M108 | $7.0M | 1.06% | 91,990 | SH |
| 29 | MICRON TECHNOLOGY INC COMP | MU | 595112103 | $6.9M | 1.04% | 21,469 | SH |
| 30 | MASTERCARD INC - A | MA | 57636Q104 | $6.6M | 1.00% | 13,337 | SH |
| 31 | AMPHENOL CORP-CL A COMP | APH | 032095101 | $6.3M | 0.96% | 53,150 | SH |
| 32 | HF SINCLAIR CORP COMP | DINO | 403949100 | $6.0M | 0.91% | 95,270 | SH |
| 33 | TRAVELERS COS INC/THE | TRV | 89417E121 | $5.6M | 0.84% | 19,028 | SH |
| 34 | JOHNSON & JOHNSON | JNJ | 478160104 | $5.5M | 0.84% | 22,876 | SH |
| 35 | AGNICO EAGLE MINES LTD COMP | AEM | 008474108 | $5.5M | 0.83% | 28,512 | SH |
| 36 | BAKER HUGHES CO COMP | BKR | 05722G100 | $5.3M | 0.81% | 87,946 | SH |
| 37 | PHILLIPS 66 COMP | PSX | 718546104 | $5.1M | 0.77% | 27,667 | SH |
| 38 | KINROSS GOLD CORP COMP | KGC | 496902404 | $5.0M | 0.76% | 175,316 | SH |
| 39 | EVERSOURCE ENERGY COMP | ES | 30040W108 | $4.5M | 0.68% | 65,726 | SH |
| 40 | CHEVRON CORP COMP | CVX | 166764100 | $4.5M | 0.68% | 21,286 | SH |
| 41 | AMETEK INC COMP | AME | 031100100 | $4.5M | 0.68% | 21,485 | SH |
| 42 | INTERACTIVE BROKERS GRO-CL A COMP | IBKR | 45841N107 | $4.4M | 0.67% | 69,413 | SH |
| 43 | CLEAN HARBORS INC | CLH | 184496107 | $4.4M | 0.66% | 15,555 | SH |
| 44 | NABORS INDUSTRIES LTD COMP | NBR | G6359F137 | $4.3M | 0.65% | 49,420 | SH |
| 45 | PROGRESSIVE CORP COMP | PGR | 743315103 | $4.3M | 0.65% | 21,216 | SH |
| 46 | MARATHON PETROLEUM CORP COMP | MPC | 56585A102 | $4.2M | 0.63% | 17,110 | SH |
| 47 | ROYAL GOLD INC COMP | RGLD | 780287108 | $4.2M | 0.63% | 17,519 | SH |
| 48 | OSHKOSH CORP COMP | OSK | 688239201 | $4.2M | 0.63% | 30,326 | SH |
| 49 | APPLIED MATERIALS INC COMP | AMAT | 038222105 | $4.2M | 0.63% | 12,860 | SH |
| 50 | ALCOA CORP COMP | AA | 013872106 | $4.2M | 0.63% | 65,662 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-14 | $661.8M | 220 | 0001353395-26-000004 |
| 2025-12-31 | 2026-02-05 | $359.4M | 182 | 0001353395-26-000002 |
| 2025-12-31 | 2026-02-03 | $359.4M | 182 | 0001353395-26-000001 |