13F HOLDINGS REPORT
Fulcrum Asset Management LLP
Quarter ended Q1 2025 · Filed April 24, 2025 · Accession 0001085146-25-002318
Total Value
$516.1M
Positions
205
Other Managers
0
Confidential Omitted
No
Holdings (205)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | WALMART INC | WMT | 0 | $21.5M | 4.17% |
| 2 | MCKESSON CORP | MCK | 0 | $21.4M | 4.15% |
| 3 | CENCORA INC | COR | 0 | $21.0M | 4.07% |
| 4 | APPLE INC | AAPL | 0 | $20.0M | 3.87% |
| 5 | CARDINAL HEALTH INC | CAH | 0 | $17.9M | 3.47% |
| 6 | NVIDIA CORPORATION | NVDA | 196,153 | $16.4M | 3.19% |
| 7 | MICROSOFT CORP | MSFT | 56,441 | $16.4M | 3.18% |
| 8 | ELEVANCE HEALTH INC | ELV | 31,942 | $11.6M | 2.25% |
| 9 | AMAZON COM INC | AMZN | 75,733 | $11.2M | 2.16% |
| 10 | THE CIGNA GROUP | 125523100 | 38,299 | $10.5M | 2.03% |
| 11 | COSTCO WHSL CORP NEW | 22160K105 | 0 | $10.1M | 1.96% |
| 12 | META PLATFORMS INC | META | 0 | $8.1M | 1.57% |
| 13 | UNITEDHEALTH GROUP INC | UNH | 17,393 | $7.4M | 1.44% |
| 14 | SPROUTS FMRS MKT INC | 85208M102 | 0 | $7.2M | 1.40% |
| 15 | REPUBLIC SVCS INC | 760759100 | 36,658 | $7.1M | 1.38% |
| 16 | AMERICAN WTR WKS CO INC NEW | 030420103 | 59,734 | $7.0M | 1.36% |
| 17 | JPMORGAN CHASE & CO. | VYLD | 36,538 | $6.9M | 1.35% |
| 18 | BAKER HUGHES COMPANY | BKR | 183,885 | $6.6M | 1.27% |
| 19 | ELI LILLY & CO | LLY | 0 | $6.5M | 1.26% |
| 20 | MOLINA HEALTHCARE INC | MOH | 23,188 | $6.5M | 1.25% |
| 21 | VISA INC | V | 23,677 | $6.4M | 1.25% |
| 22 | BROADCOM INC | AVGO | 47,914 | $6.2M | 1.19% |
| 23 | CENTENE CORP DEL | CNC | 119,739 | $6.2M | 1.19% |
| 24 | NEXTERA ENERGY INC | NEE-PW | 104,175 | $5.8M | 1.12% |
| 25 | BELLRING BRANDS INC | BRBR | 0 | $5.7M | 1.11% |
| 26 | MASTERCARD INCORPORATED | MA | 12,664 | $5.4M | 1.04% |
| 27 | ALPHABET INC | GOOG | 110,528 | $5.3M | 1.03% |
| 28 | SCHLUMBERGER LTD | SLB | 137,927 | $4.7M | 0.91% |
| 29 | ALPHABET INC | GOOG | 94,474 | $4.6M | 0.90% |
| 30 | PROGRESSIVE CORP | 743315103 | 20,284 | $4.5M | 0.86% |
| 31 | FISERV INC | FISV | 25,205 | $4.3M | 0.84% |
| 32 | TESLA INC | TSLA | 0 | $4.3M | 0.83% |
| 33 | PROCTER AND GAMBLE CO | 742718109 | 0 | $4.1M | 0.79% |
| 34 | FIRSTENERGY CORP | FE | 0 | $4.1M | 0.79% |
| 35 | WASTE MGMT INC DEL | 94106L109 | 21,407 | $4.0M | 0.78% |
| 36 | PINNACLE WEST CAP CORP | PNW | 46,675 | $3.8M | 0.73% |
| 37 | ROPER TECHNOLOGIES INC | ROP | 0 | $3.8M | 0.73% |
| 38 | TRAVELERS COMPANIES INC | TRV | 17,463 | $3.6M | 0.69% |
| 39 | EVERSOURCE ENERGY | ES | 74,475 | $3.4M | 0.67% |
| 40 | CONSOLIDATED EDISON INC | ED | 41,318 | $3.4M | 0.66% |
| 41 | VITAL FARMS INC | VITL | 0 | $3.4M | 0.66% |
| 42 | WASTE CONNECTIONS INC | WCN | 23,055 | $3.3M | 0.64% |
| 43 | UBER TECHNOLOGIES INC | UBER | 0 | $3.2M | 0.63% |
| 44 | CHIPOTLE MEXICAN GRILL INC | CMG | 79,515 | $3.2M | 0.62% |
| 45 | AMEREN CORP | AEE | 39,098 | $3.1M | 0.61% |
| 46 | BOSTON SCIENTIFIC CORP | BSX | 38,268 | $3.0M | 0.58% |
| 47 | THERMO FISHER SCIENTIFIC INC | TMO | 7,747 | $3.0M | 0.58% |
| 48 | DUKE ENERGY CORP NEW | DUKB | 0 | $2.9M | 0.57% |
| 49 | MONSTER BEVERAGE CORP NEW | MNST | 0 | $2.9M | 0.55% |
| 50 | AMETEK INC | AME | 20,598 | $2.7M | 0.53% |
| 51 | JOHNSON & JOHNSON | JNJ | 21,019 | $2.7M | 0.52% |
| 52 | KROGER CO | KR | 0 | $2.7M | 0.52% |
| 53 | NETFLIX INC | NFLX | 0 | $2.7M | 0.52% |
| 54 | CORPAY INC | CPAY | 9,756 | $2.6M | 0.51% |
| 55 | ABBVIE INC | ABBV | 0 | $2.6M | 0.50% |
| 56 | DANAHER CORPORATION | 235851102 | 0 | $2.6M | 0.49% |
| 57 | AMERICAN ELEC PWR CO INC | 025537101 | 26,574 | $2.5M | 0.48% |
| 58 | BLACKROCK INC | BLK | 0 | $2.4M | 0.47% |
| 59 | PALO ALTO NETWORKS INC | PANW | 18,302 | $2.4M | 0.47% |
| 60 | S&P GLOBAL INC | SPGI | 6,142 | $2.4M | 0.47% |
| 61 | INGERSOLL RAND INC | IR | 0 | $2.3M | 0.45% |
| 62 | ORACLE CORP | ORCL-PD | 0 | $2.3M | 0.45% |
| 63 | ALLIANT ENERGY CORP | LNT | 42,579 | $2.3M | 0.45% |
| 64 | VERISK ANALYTICS INC | VRSK | 0 | $2.3M | 0.44% |
| 65 | CLEAN HARBORS INC | CLH | 13,427 | $2.2M | 0.43% |
| 66 | ISHARES U S ETF TR | 46431W853 | 0 | $2.2M | 0.43% |
| 67 | AMERICAN EXPRESS CO | AXP | 0 | $2.2M | 0.43% |
| 68 | AUTODESK INC | ADSK | 10,577 | $2.1M | 0.42% |
| 69 | WEC ENERGY GROUP INC | WEC | 22,366 | $2.1M | 0.40% |
| 70 | EDISON INTL | 281020107 | 0 | $2.1M | 0.40% |
| 71 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 66,357 | $2.0M | 0.40% |
| 72 | AUTOZONE INC | AZO | 0 | $2.0M | 0.38% |
| 73 | GALLAGHER ARTHUR J & CO | 363576109 | 7,289 | $2.0M | 0.38% |
| 74 | EVERGY INC | EVRG | 33,398 | $1.9M | 0.38% |
| 75 | EMERSON ELEC CO | EMR | 0 | $1.9M | 0.37% |
| 76 | CARRIER GLOBAL CORPORATION | CARR | 0 | $1.9M | 0.37% |
| 77 | MICRON TECHNOLOGY INC | MU | 26,632 | $1.8M | 0.34% |
| 78 | SOUTHERN CO | SOMN | 0 | $1.7M | 0.34% |
| 79 | AIRBNB INC | ABNB | 0 | $1.7M | 0.34% |
| 80 | BANK AMERICA CORP | 060505104 | 53,597 | $1.7M | 0.34% |
| 81 | PEPSICO INC | PEP | 14,309 | $1.7M | 0.32% |
| 82 | APTARGROUP INC | ATR | 14,361 | $1.7M | 0.32% |
| 83 | WEX INC | WEX | 13,555 | $1.7M | 0.32% |
| 84 | AKAMAI TECHNOLOGIES INC | AKAM | 0 | $1.6M | 0.32% |
| 85 | INSULET CORP | PODD | 0 | $1.6M | 0.31% |
| 86 | MORGAN STANLEY | MS-PQ | 17,409 | $1.6M | 0.31% |
| 87 | MERCK & CO INC | MRK | 22,554 | $1.6M | 0.30% |
| 88 | TAKE-TWO INTERACTIVE SOFTWAR | TTWO | 9,735 | $1.6M | 0.30% |
| 89 | CNX RES CORP | CNX | 0 | $1.6M | 0.30% |
| 90 | ARES MANAGEMENT CORPORATION | ARES-PB | 14,590 | $1.6M | 0.30% |
| 91 | TJX COS INC NEW | 872540109 | 16,282 | $1.5M | 0.30% |
| 92 | CISCO SYS INC | CSCO | 0 | $1.5M | 0.28% |
| 93 | APPLIED MATLS INC | 038222105 | 12,527 | $1.4M | 0.27% |
| 94 | SALESFORCE INC | CRM | 6,682 | $1.4M | 0.27% |
| 95 | NICE LTD | NCSYF | 0 | $1.3M | 0.25% |
| 96 | MCDONALDS CORP | MCD | 0 | $1.3M | 0.25% |
| 97 | INTERNATIONAL BUSINESS MACHS | INTR | 0 | $1.3M | 0.25% |
| 98 | TOAST INC | TOST | 291,996 | $1.3M | 0.24% |
| 99 | D R HORTON INC | 23331A109 | 12,836 | $1.3M | 0.24% |
| 100 | GFL ENVIRONMENTAL INC | GFL | 41,728 | $1.2M | 0.24% |
| 101 | SEMPRA | SREA | 22,357 | $1.2M | 0.24% |
| 102 | Q2 HLDGS INC | QTWO | 20,567 | $1.2M | 0.24% |
| 103 | DISNEY WALT CO | 254687106 | 0 | $1.1M | 0.22% |
| 104 | HELIX ENERGY SOLUTIONS GRP I | 42330P107 | 149,236 | $1.1M | 0.21% |
| 105 | OKTA INC | OKTA | 19,454 | $1.0M | 0.20% |
| 106 | ONEOK INC NEW | OKE | 15,762 | $1.0M | 0.20% |
| 107 | LENNAR CORP | LEN-B | 28,426 | $1.0M | 0.20% |
| 108 | QUALCOMM INC | QCOM | 0 | $990,143 | 0.19% |
| 109 | CHURCH & DWIGHT CO INC | CHD | 11,381 | $972,588 | 0.19% |
| 110 | ADVANCED MICRO DEVICES INC | AMD | 12,207 | $972,412 | 0.19% |
| 111 | ADOBE INC | ADBE | 3,245 | $964,936 | 0.19% |
| 112 | TARGA RES CORP | TRGP | 7,116 | $946,594 | 0.18% |
| 113 | ABBOTT LABS | ABLZF | 0 | $936,769 | 0.18% |
| 114 | NUTANIX INC | NTNX | 17,897 | $934,131 | 0.18% |
| 115 | FAIR ISAAC CORP | FICO | 0 | $908,864 | 0.18% |
| 116 | ALKAMI TECHNOLOGY INC | ALKT | 43,999 | $863,504 | 0.17% |
| 117 | VERTEX INC | VERX | 658,016 | $829,063 | 0.16% |
| 118 | HECLA MNG CO | 422704106 | 0 | $826,564 | 0.16% |
| 119 | MSCI INC | MSCI | 1,855 | $813,151 | 0.16% |
| 120 | HUMANA INC | HUM | 3,624 | $804,624 | 0.16% |
| 121 | METTLER TOLEDO INTERNATIONAL | MTD | 0 | $793,691 | 0.15% |
| 122 | VERIZON COMMUNICATIONS INC | VZ | 22,420 | $788,534 | 0.15% |
| 123 | AT&T INC | T-PC | 35,642 | $781,555 | 0.15% |
| 124 | INTAPP INC | INTA | 0 | $742,233 | 0.14% |
| 125 | ZETA GLOBAL HOLDINGS CORP | ZETA | 196,183 | $702,569 | 0.14% |
| 126 | GOLDMAN SACHS GROUP INC | GSCE | 0 | $689,889 | 0.13% |
| 127 | PTC INC | PTC | 5,577 | $670,034 | 0.13% |
| 128 | AMGEN INC | AMGN | 0 | $669,087 | 0.13% |
| 129 | INTUIT | INTU | 1,405 | $668,876 | 0.13% |
| 130 | WEST FRASER TIMBER CO LTD | WFG | 11,574 | $658,526 | 0.13% |
| 131 | OCEANEERING INTL INC | 675232102 | 38,587 | $652,547 | 0.13% |
| 132 | PROCORE TECHNOLOGIES INC | PCOR | 0 | $631,213 | 0.12% |
| 133 | SERVICENOW INC | NOW | 991 | $611,778 | 0.12% |
| 134 | BHP GROUP LTD | BHPLF | 0 | $610,744 | 0.12% |
| 135 | ENBRIDGE INC | ENNPF | 20,657 | $607,349 | 0.12% |
| 136 | WILLIAMS COS INC | 969457100 | 15,295 | $606,506 | 0.12% |
| 137 | TIDEWATER INC NEW | TDGMW | 16,558 | $601,419 | 0.12% |
| 138 | DECKERS OUTDOOR CORP | DECK | 0 | $599,081 | 0.12% |
| 139 | COLGATE PALMOLIVE CO | CL | 0 | $594,987 | 0.12% |
| 140 | COMCAST CORP NEW | CCZ | 0 | $581,275 | 0.11% |
| 141 | T-MOBILE US INC | TMUSZ | 2,789 | $576,786 | 0.11% |
| 142 | CITIGROUP INC | C-PR | 0 | $536,954 | 0.10% |
| 143 | CASELLA WASTE SYS INC | CWST | 6,825 | $535,792 | 0.10% |
| 144 | LOWES COS INC | 548661107 | 2,931 | $530,019 | 0.10% |
| 145 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 10,926 | $516,690 | 0.10% |
| 146 | AUTOMATIC DATA PROCESSING IN | ADP | 2,132 | $504,972 | 0.10% |
| 147 | CONFLUENT INC | 20717M103 | 211,948 | $500,256 | 0.10% |
| 148 | ECOLAB INC | ECL | 2,925 | $493,476 | 0.10% |
| 149 | MARSH & MCLENNAN COS INC | 571748102 | 2,568 | $485,943 | 0.09% |
| 150 | PUBLIC STORAGE OPER CO | PSA-PS | 2,107 | $481,775 | 0.09% |
| 151 | CLEARWATER ANALYTICS HLDGS I | CWAN | 0 | $476,248 | 0.09% |
| 152 | MPLX LP | MPLXP | 13,172 | $467,779 | 0.09% |
| 153 | HUBSPOT INC | HUBS | 0 | $465,322 | 0.09% |
| 154 | PROLOGIS INC. | PLDGP | 5,334 | $452,874 | 0.09% |
| 155 | KINDER MORGAN INC DEL | EP-PC | 23,921 | $452,828 | 0.09% |
| 156 | STARBUCKS CORP | SBUX | 0 | $449,037 | 0.09% |
| 157 | INGREDION INC | INGR | 0 | $434,358 | 0.08% |
| 158 | APOLLO GLOBAL MGMT INC | 03769M106 | 0 | $422,339 | 0.08% |
| 159 | UNION PAC CORP | UNP | 2,664 | $419,024 | 0.08% |
| 160 | BLACKSTONE INC | BX | 0 | $399,000 | 0.08% |
| 161 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 0 | $398,869 | 0.08% |
| 162 | KLA CORP | KLAC | 765 | $396,279 | 0.08% |
| 163 | ANTERO MIDSTREAM CORP | AM | 32,915 | $393,139 | 0.08% |
| 164 | LAM RESEARCH CORP | LRCX | 6,944 | $391,447 | 0.08% |
| 165 | BLUE OWL CAPITAL INC | OWL | 0 | $373,055 | 0.07% |
| 166 | CME GROUP INC | CME | 1,777 | $365,458 | 0.07% |
| 167 | SIMPLY GOOD FOODS CO | SMPL | 0 | $361,927 | 0.07% |
| 168 | CVS HEALTH CORP | CVS | 0 | $355,681 | 0.07% |
| 169 | EQT CORP | EQT | 0 | $350,495 | 0.07% |
| 170 | PAYPAL HLDGS INC | PYPL | 6,729 | $340,444 | 0.07% |
| 171 | CAMECO CORP | CCJ | 11,297 | $318,451 | 0.06% |
| 172 | NIKE INC | NKE | 7,774 | $308,094 | 0.06% |
| 173 | ENTERPRISE PRODS PARTNERS L | 293792107 | 13,514 | $306,153 | 0.06% |
| 174 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 0 | $299,798 | 0.06% |
| 175 | EDWARDS LIFESCIENCES CORP | EW | 0 | $287,503 | 0.06% |
| 176 | SPRINKLR INC | CXM | 584,064 | $283,825 | 0.05% |
| 177 | ZOETIS INC | ZTS | 2,495 | $273,461 | 0.05% |
| 178 | CADENCE DESIGN SYSTEM INC | CDNS | 0 | $271,576 | 0.05% |
| 179 | SEMRUSH HLDGS INC | SEMR | 114,778 | $266,541 | 0.05% |
| 180 | MARTIN MARIETTA MATLS INC | 573284106 | 0 | $260,252 | 0.05% |
| 181 | FREEPORT-MCMORAN INC | FCX | 10,131 | $256,722 | 0.05% |
| 182 | PILGRIMS PRIDE CORP | PPC | 0 | $253,157 | 0.05% |
| 183 | HAMILTON LANE INC | HLNE | 0 | $250,674 | 0.05% |
| 184 | CSX CORP | CSX | 12,790 | $250,598 | 0.05% |
| 185 | FORTINET INC | FTNT | 3,327 | $248,340 | 0.05% |
| 186 | CORTEVA INC | CTVA | 5,812 | $243,453 | 0.05% |
| 187 | BANK NOVA SCOTIA HALIFAX | 064149107 | 0 | $242,913 | 0.05% |
| 188 | PLAINS ALL AMERN PIPELINE L | 726503105 | 18,284 | $242,645 | 0.05% |
| 189 | VULCAN MATLS CO | 929160109 | 0 | $241,952 | 0.05% |
| 190 | NORFOLK SOUTHN CORP | 655844108 | 1,531 | $241,419 | 0.05% |
| 191 | TPG INC | TPGXL | 0 | $239,775 | 0.05% |
| 192 | GRUPO AEROPUERTO DEL PACIFIC | 400506101 | 0 | $234,551 | 0.05% |
| 193 | IDEXX LABS INC | 45168D104 | 831 | $232,438 | 0.05% |
| 194 | CELSIUS HLDGS INC | CELH | 0 | $229,600 | 0.04% |
| 195 | VALE S A | VALE | 34,061 | $227,518 | 0.04% |
| 196 | RIO TINTO PLC | RTNTF | 0 | $216,495 | 0.04% |
| 197 | GRUPO AEROPORTUARIO DEL SURE | 40051E202 | 0 | $215,928 | 0.04% |
| 198 | ALLSTATE CORP | ALL-PJ | 1,333 | $213,993 | 0.04% |
| 199 | CANADIAN NATL RY CO | 136375102 | 3,233 | $209,757 | 0.04% |
| 200 | PAYCHEX INC | PAYX | 0 | $205,379 | 0.04% |
| 201 | ENERGY TRANSFER L P | ET-PI | 18,736 | $185,325 | 0.04% |
| 202 | NEXGEN ENERGY LTD | NXE | 58,751 | $180,321 | 0.03% |
| 203 | URANIUM ENERGY CORP | UEC | 23,384 | $76,545 | 0.01% |
| 204 | DENISON MINES CORP | DNN | 79,869 | $71,445 | 0.01% |
| 205 | ENERGY FUELS INC | UUUU | 12,202 | $30,945 | 0.01% |