13F HOLDINGS REPORT

Fulcrum Equity Management

Quarter ended Q1 2025 · Filed March 24, 2025 · Accession 0001737888-25-000001

Total Value

$101.1M

Positions

110

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (110)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287150	80,503	$10.4M	10.24%
2	ISHARES INC	464286392	46,192	$7.2M	7.11%
3	ONEOK INC NEW	OKE	47,110	$4.7M	4.68%
4	SELECT SECTOR SPDR TR	81369Y803	17,331	$4.0M	3.99%
5	SELECT SECTOR SPDR TR	81369Y605	47,217	$2.3M	2.26%
6	BERKSHIRE HATHAWAY INC DEL	BRK-A	4,410	$2.0M	1.98%
7	SELECT SECTOR SPDR TR	81369Y852	19,867	$1.9M	1.90%
8	SELECT SECTOR SPDR TR	81369Y407	8,295	$1.9M	1.84%
9	INVESCO EXCH TRADED FD TR II	IVZ	15,553	$1.8M	1.79%
10	SPDR SER TR	78464A854	25,799	$1.8M	1.76%
11	SELECT SECTOR SPDR TR	81369Y704	12,185	$1.6M	1.59%
12	SELECT SECTOR SPDR TR	81369Y886	19,379	$1.5M	1.45%
13	SPDR S&P 500 ETF TR	SPY	2,478	$1.5M	1.44%
14	WALMART INC	WMT	15,329	$1.4M	1.37%
15	APPLE INC	AAPL	5,510	$1.4M	1.36%
16	INVESCO EXCH TRADED FD TR II	IVZ	6,352	$1.3M	1.32%
17	ALPS ETF TR	00162Q676	42,520	$1.3M	1.31%
18	NVIDIA CORPORATION	NVDA	9,715	$1.3M	1.29%
19	FIRST TR EXCHANGE-TRADED FD	33738D101	35,281	$1.3M	1.24%
20	FIRST TR EXCHANGE-TRADED FD	33733E302	5,170	$1.3M	1.24%
21	VANECK ETF TRUST	92189H870	13,339	$1.3M	1.24%
22	ISHARES TR	464287788	11,341	$1.3M	1.24%
23	FIRST TR EXCHANGE TRADED FD	33734X192	10,516	$1.3M	1.24%
24	ETFIS SER TR I	26923G806	19,253	$1.2M	1.21%
25	INVESCO EXCHANGE TRADED FD T	IVZ	10,580	$1.2M	1.20%
26	ISHARES TR	464287721	7,572	$1.2M	1.19%
27	FIDELITY COVINGTON TRUST	316092873	20,504	$1.2M	1.19%
28	VANGUARD WORLD FD	92204A884	7,740	$1.2M	1.19%
29	ISHARES TR	464288794	8,194	$1.2M	1.17%
30	GLOBAL X FDS	37954Y293	18,957	$1.1M	1.14%
31	INVESCO EXCHANGE TRADED FD T	IVZ	15,454	$1.1M	1.11%
32	ETF SER SOLUTIONS	26922A222	27,642	$1.1M	1.10%
33	SCHWAB STRATEGIC TR	808524607	39,391	$1.0M	1.01%
34	SELECT SECTOR SPDR TR	81369Y209	7,134	$981,424	0.97%
35	VISTRA CORP	VST	6,602	$910,203	0.90%
36	LOWES COS INC	548661107	3,610	$890,901	0.88%
37	SPDR SER TR	78464A540	8,272	$885,461	0.88%
38	ISHARES TR	464287119	9,472	$848,649	0.84%
39	SPDR SER TR	78464A771	5,963	$821,052	0.81%
40	MICROSOFT CORP	MSFT	1,942	$818,599	0.81%
41	SILA REALTY TRUST INC	SILA	33,358	$811,255	0.80%
42	ISHARES TR	46434V613	17,754	$802,491	0.79%
43	ISHARES TR	464287309	7,822	$794,196	0.79%
44	SCHWAB STRATEGIC TR	808524102	32,304	$733,301	0.73%
45	COLUMBIA ETF TR I	19761L706	20,638	$714,477	0.71%
46	ISHARES TR	464288513	9,049	$711,710	0.70%
47	INVESCO EXCHANGE TRADED FD T	IVZ	10,627	$698,510	0.69%
48	VANGUARD WORLD FD	92204A876	4,238	$692,567	0.69%
49	ISHARES TR	46432F339	3,828	$681,684	0.67%
50	SCHWAB STRATEGIC TR	808524300	24,441	$681,180	0.67%
51	BLACKROCK ETF TRUST	BLK	13,255	$679,310	0.67%
52	ABBVIE INC	ABBV	3,671	$652,293	0.65%
53	VANGUARD SCOTTSDALE FDS	92206C680	6,161	$636,446	0.63%
54	BROADCOM INC	AVGO	2,479	$574,785	0.57%
55	ISHARES TR	464288885	5,738	$555,566	0.55%
56	ISHARES TR	464288877	10,498	$550,819	0.54%
57	MANAGED PORTFOLIO SERIES	56167N183	21,463	$542,370	0.54%
58	ALPHABET INC	GOOG	2,861	$541,500	0.54%
59	ISHARES TR	464287432	6,199	$541,358	0.54%
60	AMAZON COM INC	AMZN	2,379	$521,929	0.52%
61	BNY MELLON ETF TRUST	09661T800	10,926	$521,038	0.52%
62	VALERO ENERGY CORP	VLO	3,822	$468,534	0.46%
63	TESLA INC	TSLA	1,103	$445,436	0.44%
64	SCHWAB STRATEGIC TR	808524839	19,585	$444,569	0.44%
65	COSTCO WHSL CORP NEW	22160K105	472	$432,514	0.43%
66	EXXON MOBIL CORP	XOM	3,915	$421,134	0.42%
67	DUKE ENERGY CORP NEW	DUKB	3,842	$413,972	0.41%
68	PROCTER AND GAMBLE CO	742718109	2,393	$401,144	0.40%
69	META PLATFORMS INC	META	666	$389,970	0.39%
70	ISHARES TR	464287408	2,019	$385,440	0.38%
71	JPMORGAN CHASE & CO.	VYLD	1,578	$378,262	0.37%
72	CAPITAL GRP FIXED INCM ETF T	14020Y300	13,737	$374,756	0.37%
73	STARBUCKS CORP	SBUX	3,660	$333,975	0.33%
74	VANECK ETF TRUST	92189H748	6,228	$328,672	0.33%
75	FRANKLIN TEMPLETON ETF TR	FGDL	13,542	$328,594	0.33%
76	INGREDION INC	INGR	2,383	$327,818	0.32%
77	PROSHARES TR	74347R107	3,463	$320,342	0.32%
78	TARGA RES CORP	TRGP	1,792	$319,790	0.32%
79	ISHARES TR	464288588	3,446	$315,948	0.31%
80	GE VERNOVA INC	GEV	886	$291,432	0.29%
81	AMERICAN HEALTHCARE REIT INC	AHR	9,905	$281,500	0.28%
82	CARNIVAL CORP	CUKPF	11,207	$279,278	0.28%
83	ISHARES INC	46434G764	4,973	$275,759	0.27%
84	SELECT SECTOR SPDR TR	81369Y506	3,149	$269,743	0.27%
85	NEXSTAR MEDIA GROUP INC	NXST	1,700	$268,626	0.27%
86	CHEVRON CORP NEW	CVX	1,851	$268,099	0.27%
87	COLGATE PALMOLIVE CO	CL	2,903	$263,948	0.26%
88	PEPSICO INC	PEP	1,724	$262,104	0.26%
89	PHILLIPS 66	PSX	2,290	$260,897	0.26%
90	LOCKHEED MARTIN CORP	LMT	531	$257,955	0.26%
91	GOLDMAN SACHS GROUP INC	GSCE	450	$257,679	0.25%
92	ELI LILLY & CO	LLY	330	$254,760	0.25%
93	VIPER ENERGY INC	VNOM	4,984	$244,543	0.24%
94	AMGEN INC	AMGN	907	$236,332	0.23%
95	ISHARES TR	464287655	1,067	$235,818	0.23%
96	TALEN ENERGY CORP	TLN	1,170	$235,720	0.23%
97	UNIVERSAL CORP VA	UVV	4,255	$233,357	0.23%
98	ISHARES TR	464287713	8,495	$227,921	0.23%
99	KIMBERLY-CLARK CORP	KMB	1,708	$223,803	0.22%
100	CONSTELLATION ENERGY CORP	CEG	1,000	$223,710	0.22%
101	FIDELITY COVINGTON TRUST	316092840	4,473	$223,382	0.22%
102	INVESCO EXCH TRADED FD TR II	IVZ	4,562	$220,390	0.22%
103	WISDOMTREE TR	WT	2,341	$218,556	0.22%
104	INVESCO EXCHANGE TRADED FD T	IVZ	1,235	$216,327	0.21%
105	HUNTINGTON INGALLS INDS INC	446413106	1,142	$215,799	0.21%
106	GENERAL DYNAMICS CORP	GD	811	$213,609	0.21%
107	INVESCO EXCH TRADED FD TR II	IVZ	2,223	$211,207	0.21%
108	ROYAL BK CDA	780087102	1,730	$208,482	0.21%
109	ISHARES TR	464287200	344	$202,349	0.20%
110	BANCO SANTANDER S.A.	BCDRF	14,194	$64,725	0.06%