Fulcrum Asset Management LLP — 13F Holdings & Portfolio

CIK 1353395 · latest 13F-HR filed 2026-08-18

Fulcrum Asset Management LLP manages $1.00B in 13F-reported U.S. long-equity assets across 1,037 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (4.52%), AAPL (3.29%), MU (2.36%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 835 new positions, exited 27, added to 78, and trimmed 86.

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.

Filer Information
Address
MARBLE ARCH HOUSE
66 SEYMOUR STREET
LONDON, X0 W1H 5BT
Phone
00442070166453
Filing Manager
Fulcrum Asset Management LLP
LONDON, X0
Signatory
Duncan Hayton
CCO
Loading holdings…
AUM

$1.00B

Long-equity book

Holdings

1,037

Distinct positions

Period

2026-06-30

Filed 2026-08-18

Q/Q Activity

+835 / −27 / ↑78 / ↓86

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • MICRON TECHNOLOGY INC COMP$16.8M +243.1%
  • OKTA INC COMP$4.8M +3023.1%
  • PROLOGIS INC$4.7M +638.8%
  • ARTHUR J GALLAGHER & CO COMP$4.0M +242.1%
  • ADVANCED MICRO DEVICES COMP$3.5M +133.6%
Show all 78 →

Top Trims

  • DARLING INGREDIENTS INC-$18.7M -84.6%
  • HALLIBURTON CO COMP-$15.6M -77.4%
  • WASTE MANAGEMENT INC-$14.0M -85.6%
  • PROPETRO HOLDING CORP COMP-$10.1M -83.1%
  • SLB LTD-$10.0M -57.5%
Show all 86 →

New Positions

  • APPLE INC$33.0M
  • WALMART INC$17.8M
  • CARDINAL HEALTH INC COMP$16.6M
  • MCKESSON CORP$15.5M
  • META PLATFORMS INC$15.3M
Show all 835 →

Exited Positions

  • TRANE TECHNOLOGIES PLC COMP$11.3M
  • TECHNIPFMC PLC COMP$7.3M
  • TRAVELERS COS INC/THE$5.6M
  • NABORS INDUSTRIES LTD COMP$4.3M
  • ROYAL GOLD INC COMP$4.2M
Show all 27 →
All Holdings

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 $45.3M 4.52% 232,336 SH
2 APPLE INC AAPL 037833100 $33.0M 3.29% 117,131 SH
3 MICRON TECHNOLOGY INC COMP MU 595112103 $23.7M 2.36% 20,696 SH
4 AMAZON.COM INC COMP AMZN 023135106 $20.4M 2.03% 84,971 SH
5 MICROSOFT CORP COMP MSFT 594918104 $17.9M 1.78% 48,559 SH
6 WALMART INC WMT 931142103 $17.8M 1.78% 155,672 SH
7 CARDINAL HEALTH INC COMP CAH 14149Y108 $16.6M 1.65% 70,116 SH
8 BROADCOM INC COMP AVGO 11135F101 $15.9M 1.59% 42,754 SH
9 ALPHABET IN-CL C GOOG 02079K107 $15.7M 1.56% 44,571 SH
10 META PLATFORMS INC META 30303M102 $15.3M 1.53% 27,270 SH
11 IMMUNOCORE HOLDINGS PLC-ADR COMP IMCR 45258D105 $14.3M 1.43% 470,025 SH
12 ALPHABET INC-CL A GOOGL 02079K305 $13.3M 1.33% 37,652 SH
13 MCKESSON CORP COMP MCK 58155Q103 $12.6M 1.26% 16,870 SH
14 CENCORA INC COMP COR 03073E105 $12.1M 1.20% 42,861 SH
15 ELI LILLY & CO COMP LLY 532457108 $10.7M 1.06% 8,675 SH
16 COSTCO WHOLESALE CORP COST 22160K105 $10.2M 1.02% 10,779 SH
17 QUANTA SERVICES INC COMP PWR 74762E102 $9.9M 0.99% 13,896 SH
18 TESLA INC COMP TSLA 88160R101 $9.8M 0.98% 23,815 SH
19 GE VERNOVA INC COMP GEV 36828A101 $9.5M 0.95% 8,624 SH
20 FORTINET INC COMP FTNT 34959E109 $8.8M 0.88% 56,540 SH
21 AMPHENOL CORP-CL A COMP APH 032095101 $7.5M 0.75% 45,241 SH
22 EXXON MOBIL CORP COMP XOM 30231G102 $7.4M 0.74% 54,371 SH
23 SLB LTD SLB 806857108 $7.4M 0.74% 159,459 SH
24 CATERPILLAR INC CAT 149123101 $7.4M 0.74% 7,158 SH
25 KROGER CO COMP KR 501044101 $7.2M 0.72% 128,703 SH
26 HOWMET AEROSPACE INC COMP HWM 443201108 $7.1M 0.71% 26,546 SH
27 WOODWARD INC COMP WWD 980745103 $6.9M 0.68% 16,194 SH
28 ARISTA NETWORKS INC COMP ANET 040413205 $6.9M 0.68% 41,760 SH
29 MONSTER BEVERAGE CORP COMP MNST 61174X109 $6.5M 0.65% 66,932 SH
30 JPMORGAN CHASE & CO JPMPJ JV7207931 $6.4M 0.64% 448,500,000 SH
31 AMERICAN EXPRESS CO AXP 025816109 $6.3M 0.63% 18,607 SH
32 ADVANCED MICRO DEVICES COMP AMD 007903107 $6.2M 0.62% 11,489 SH
33 BAKER HUGHES CO COMP BKR 05722G100 $6.0M 0.60% 106,609 SH
34 ABBOTT LABORATORIES COMP ABT 002824100 $5.9M 0.59% 63,409 SH
35 TAIWAN SEMICONDUCTOR-SP ADR COMP TSM 874039100 $5.9M 0.59% 12,902 SH
36 MORGAN STANLEY COMP MS 617446448 $5.7M 0.57% 27,158 SH
37 CORTEVA INC COMP CTVA 22052L104 $5.7M 0.57% 68,091 SH
38 ARTHUR J GALLAGHER & CO COMP AJG 363576109 $5.6M 0.56% 24,583 SH
39 CHEVRON CORP COMP CVX 166764100 $5.6M 0.55% 32,955 SH
40 PROLOGIS INC PLD 74340W103 $5.4M 0.54% 38,983 SH
41 NEXTERA ENERGY INC COMP NEE 65339F101 $5.4M 0.54% 60,762 SH
42 JOHNSON & JOHNSON JNJ 478160104 $5.4M 0.54% 20,815 SH
43 VERTIV HOLDINGS CO COMP VRT 92537N108 $5.3M 0.53% 17,377 SH
44 SHOPIFY INC - CLASS A COMP SHOP 82509L107 $5.3M 0.53% 46,316 SH
45 TRAVELERS COS INC/THE TRV 89417E109 $5.1M 0.51% 15,488 SH
46 INTERACTIVE BROKERS GRO-CL A COMP IBKR 45841N107 $5.1M 0.51% 58,186 SH
47 BANK OF AMERICA CORP BAC 060505104 $5.1M 0.51% 87,717 SH
48 OKTA INC COMP OKTA 679295105 $5.0M 0.50% 37,982 SH
49 CHIPOTLE MEXICAN GRILL INC COMP CMG 169656105 $5.0M 0.50% 150,823 SH
50 VISA INC-CLASS A SHARES V 92826C839 $5.0M 0.50% 14,554 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-18 $1.00B 1,037 0001353395-26-000005
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