13F HOLDINGS REPORT
Fulcrum Asset Management LLP
Quarter ended Q2 2025 · Filed August 12, 2025 · Accession 0001353395-25-000002
Total Value
$130.1M
Positions
101
Other Managers
0
Confidential Omitted
No
Holdings (101)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 94,745 | $15.0M | 11.51% |
| 2 | MICROSOFT CORP COMP | MSFT | 23,037 | $11.5M | 8.81% |
| 3 | AMAZON.COM INC COMP | AMZN | 30,914 | $6.8M | 5.21% |
| 4 | BROADCOM INC COMP | AVGO | 23,771 | $6.6M | 5.04% |
| 5 | JPMORGAN CHASE & CO | VYLD | 14,914 | $4.3M | 3.32% |
| 6 | BAKER HUGHES CO COMP | BKR | 95,499 | $3.6M | 2.80% |
| 7 | VISA INC-CLASS A SHARES | V | 9,666 | $3.4M | 2.64% |
| 8 | REPUBLIC SERVICES INC COMP | 760759100 | 13,127 | $3.2M | 2.49% |
| 9 | ALPHABET INC-CL A | GOOG | 45,115 | $3.2M | 2.46% |
| 10 | MASTERCARD INC - A | MA | 5,170 | $2.9M | 2.23% |
| 11 | ALPHABET IN-CL C | GOOG | 38,563 | $2.8M | 2.12% |
| 12 | SCHLUMBERGER LTD | SLB | 69,308 | $2.3M | 1.80% |
| 13 | PROGRESSIVE CORP COMP | 743315103 | 8,305 | $2.2M | 1.70% |
| 14 | TRAVELERS COS INC/THE | TRV | 7,127 | $1.9M | 1.47% |
| 15 | WASTE MANAGEMENT INC | 94106L109 | 8,246 | $1.9M | 1.45% |
| 16 | UNITEDHEALTH GROUP INC COMP | UNH | 5,824 | $1.8M | 1.40% |
| 17 | FISERV INC COMP | FISV | 10,288 | $1.8M | 1.36% |
| 18 | BOSTON SCIENTIFIC CORP | BSX | 15,619 | $1.7M | 1.29% |
| 19 | CHIPOTLE MEXICAN GRILL INC COMP | CMG | 29,098 | $1.6M | 1.26% |
| 20 | PALO ALTO NETWORKS INC COMP | PANW | 7,469 | $1.5M | 1.18% |
| 21 | AMETEK INC COMP | AME | 8,214 | $1.5M | 1.14% |
| 22 | WASTE CONNECTIONS INC | WCN | 7,499 | $1.4M | 1.08% |
| 23 | AMERICAN WATER WORKS CO INC COMP | 030420103 | 9,904 | $1.4M | 1.06% |
| 24 | AUTODESK INC COMP | ADSK | 4,317 | $1.3M | 1.03% |
| 25 | S&P GLOBAL INC | SPGI | 2,507 | $1.3M | 1.02% |
| 26 | CORPAY INC COMP | CPAY | 3,981 | $1.3M | 1.02% |
| 27 | JOHNSON & JOHNSON | JNJ | 8,580 | $1.3M | 1.01% |
| 28 | ELEVANCE HEALTH INC COMP | ELV | 3,328 | $1.3M | 1.00% |
| 29 | THERMO FISHER SCIENTIFIC INC COMP | TMO | 3,163 | $1.3M | 0.99% |
| 30 | MICRON TECHNOLOGY INC COMP | MU | 9,998 | $1.2M | 0.95% |
| 31 | AMEREN CORPORATION COMP | AEE | 12,555 | $1.2M | 0.93% |
| 32 | NEXTERA ENERGY INC COMP | NEE-PW | 16,903 | $1.2M | 0.90% |
| 33 | CLEAN HARBORS INC | CLH | 4,949 | $1.1M | 0.88% |
| 34 | EVERSOURCE ENERGY COMP | ES | 16,957 | $1.1M | 0.83% |
| 35 | BANK OF AMERICA CORP | 060505104 | 21,877 | $1.0M | 0.80% |
| 36 | CIGNA CORP | 125523100 | 3,032 | $1.0M | 0.77% |
| 37 | MORGAN STANLEY COMP | MS-PQ | 7,107 | $1.0M | 0.77% |
| 38 | TAKE-TWO INTERACTIVE SOFTWRE COMP | TTWO | 3,973 | $964,843 | 0.74% |
| 39 | ARTHUR J GALLAGHER & CO COMP | 363576109 | 2,976 | $952,677 | 0.73% |
| 40 | APPLIED MATERIALS INC COMP | 038222105 | 5,113 | $936,037 | 0.72% |
| 41 | APTARGROUP INC COMP | ATR | 5,862 | $916,993 | 0.71% |
| 42 | MORGAN STANLEY COMP | MS-PQ | 11,457 | $855,463 | 0.66% |
| 43 | CENTENE CORP COMP | CNC | 15,160 | $822,885 | 0.63% |
| 44 | TJX COMPANIES INC | 872540109 | 6,647 | $820,838 | 0.63% |
| 45 | WEX INC COMP | WEX | 5,533 | $812,742 | 0.62% |
| 46 | PEPSICO INC | PEP | 5,879 | $776,263 | 0.60% |
| 47 | SALESFORCE.COM INC | CRM | 2,728 | $743,898 | 0.57% |
| 48 | ARES MANAGEMENT CORP - A COMP | ARES-PB | 4,249 | $735,927 | 0.57% |
| 49 | MERCK & CO. INC. COMP | MRK | 9,206 | $728,747 | 0.56% |
| 50 | ALLIANT ENERGY CORP COMP | LNT | 6,908 | $719,190 | 0.55% |
| 51 | ADVANCED MICRO DEVICES COMP | AMD | 4,983 | $707,088 | 0.54% |
| 52 | SEMPRA ENERGY COMP | SREA | 9,126 | $691,477 | 0.53% |
| 53 | PINNACLE WEST CAPITAL COMP | PNW | 7,572 | $677,467 | 0.52% |
| 54 | CONSOLIDATED EDISON INC COMP | ED | 6,712 | $673,549 | 0.52% |
| 55 | DR HORTON INC | 23331A109 | 5,009 | $645,760 | 0.50% |
| 56 | CIGNA CORP COMP | 125523100 | 1,761 | $582,151 | 0.45% |
| 57 | HELIX ENERGY SOLUTIONS GROUP COMP | 42330P107 | 92,401 | $576,582 | 0.44% |
| 58 | GFL ENVIRONMENTAL INC-SUB VT COMP | GFL | 15,366 | $571,460 | 0.44% |
| 59 | ADOBE SYSTEMS INC | ADBE | 1,323 | $511,842 | 0.39% |
| 60 | TOAST INC-CLASS A COMP | TOST | 125,222 | $510,678 | 0.39% |
| 61 | AGNICO EAGLE MINES LTD COMP | AEM | 7,686 | $484,545 | 0.37% |
| 62 | TIDEWATER INC COMP | TDGMW | 10,251 | $472,879 | 0.36% |
| 63 | MOLINA HEALTHCARE INC COMP | MOH | 1,548 | $461,149 | 0.35% |
| 64 | INTUIT INC COMP | INTU | 574 | $452,100 | 0.35% |
| 65 | CHURCH & DWIGHT CO INC COMP | CHD | 4,677 | $449,506 | 0.35% |
| 66 | AMERICAN ELECTRIC POWER COMP | 025537101 | 4,310 | $447,206 | 0.34% |
| 67 | Q2 HOLDINGS INC COMP | QTWO | 8,821 | $437,613 | 0.34% |
| 68 | MSCI INC COMP | MSCI | 757 | $436,592 | 0.34% |
| 69 | AT&T INC COMP | T-PC | 14,569 | $421,048 | 0.32% |
| 70 | SERVICENOW INC COMP | NOW | 405 | $416,372 | 0.32% |
| 71 | KINROSS GOLD CORP COMP | KGCRF | 50,038 | $414,574 | 0.32% |
| 72 | VERIZON COMMUNICATIONS INC COMP | VZ | 9,151 | $395,964 | 0.30% |
| 73 | PTC INC COMP | PTC | 2,276 | $392,246 | 0.30% |
| 74 | WEC ENERGY GROUP INC COMP | WEC | 3,628 | $378,038 | 0.29% |
| 75 | EVERGY INC COMP | EVRG | 5,418 | $373,463 | 0.29% |
| 76 | OCEANEERING INTL INC COMP | 675232102 | 15,751 | $326,361 | 0.25% |
| 77 | WEST FRASER TIMBER CO LTD | WFG | 4,354 | $311,088 | 0.24% |
| 78 | NUTANIX INC - A COMP | NTNX | 7,673 | $310,906 | 0.24% |
| 79 | ALKAMI TECHNOLOGY INC COMP | ALKT | 18,869 | $301,464 | 0.23% |
| 80 | REPUBLIC SERVICES INC | 760759100 | 1,211 | $298,645 | 0.23% |
| 81 | LAM RESEARCH CORP COMP | LRCX | 2,834 | $275,862 | 0.21% |
| 82 | T-MOBILE US INC COMP | TMUSZ | 1,139 | $271,378 | 0.21% |
| 83 | AUTOMATIC DATA PROCESSING | ADP | 869 | $268,000 | 0.21% |
| 84 | LOWE'S COS INC | 548661107 | 1,196 | $265,357 | 0.20% |
| 85 | KLA CORP COMP | KLAC | 289 | $258,869 | 0.20% |
| 86 | VERTEX INC - CLASS A COMP | VERX | 282,182 | $254,415 | 0.20% |
| 87 | ZETA GLOBAL HOLDINGS CORP-A COMP | ZETA | 84,128 | $244,013 | 0.19% |
| 88 | CASELLA WASTE SYSTEMS INC-A COMP | CWST | 2,516 | $242,990 | 0.19% |
| 89 | PUBLIC STORAGE COMP | PSA-PS | 805 | $236,203 | 0.18% |
| 90 | MARSH & MCLENNAN COS | 571748102 | 1,050 | $229,572 | 0.18% |
| 91 | ONEOK INC COMP | OKE | 2,562 | $209,136 | 0.16% |
| 92 | PROLOGIS INC | PLDGP | 1,980 | $208,138 | 0.16% |
| 93 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 4,459 | $206,407 | 0.16% |
| 94 | PAYPAL HOLDINGS INC | PYPL | 2,747 | $204,157 | 0.16% |
| 95 | IAMGOLD CORP COMP | IAG | 44,578 | $173,680 | 0.13% |
| 96 | CONFLUENT INC-CLASS A COMP | 20717M103 | 90,894 | $161,777 | 0.12% |
| 97 | NEW GOLD INC COMP | 644535106 | 36,070 | $94,644 | 0.07% |
| 98 | SPRINKLR INC-A COMP | CXM | 250,473 | $87,434 | 0.07% |
| 99 | NEXGEN ENERGY LTD COMP | NXE | 12,556 | $87,291 | 0.07% |
| 100 | SEMRUSH HOLDINGS INC-A COMP | SEMR | 49,221 | $78,608 | 0.06% |
| 101 | DENISON MINES CORP COMP | DNN | 17,057 | $31,213 | 0.02% |