13F HOLDINGS REPORT

Fulcrum Equity Management

Quarter ended Q4 2025 · Filed January 6, 2026 · Accession 0001737888-26-000003

Total Value

$104.5M

Positions

117

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (117)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287150	77,685	$11.6M	11.05%
2	ISHARES INC	464286392	46,192	$8.6M	8.21%
3	SELECT SECTOR SPDR TR	81369Y803	40,465	$5.8M	5.58%
4	NVIDIA CORPORATION	NVDA	21,109	$3.9M	3.77%
5	ONEOK INC NEW	OKE	50,889	$3.7M	3.58%
6	APPLE INC	AAPL	9,168	$2.5M	2.39%
7	SELECT SECTOR SPDR TR	81369Y852	19,313	$2.3M	2.18%
8	SELECT SECTOR SPDR TR	81369Y605	38,363	$2.1M	2.01%
9	BERKSHIRE HATHAWAY INC DEL	BRK-A	4,031	$2.0M	1.94%
10	WALMART INC	WMT	16,775	$1.9M	1.79%
11	ALPHABET INC	GOOG	5,797	$1.8M	1.74%
12	ISHARES TR	464287721	8,744	$1.7M	1.67%
13	MICROSOFT CORP	MSFT	3,568	$1.7M	1.65%
14	INVESCO EXCH TRADED FD TR II	IVZ	6,804	$1.7M	1.65%
15	SELECT SECTOR SPDR TR	81369Y407	14,251	$1.7M	1.63%
16	SELECT SECTOR SPDR TR	81369Y209	10,717	$1.7M	1.59%
17	AMAZON COM INC	AMZN	7,126	$1.6M	1.57%
18	BLACKROCK ETF TRUST	BLK	20,291	$1.2M	1.18%
19	META PLATFORMS INC	META	1,846	$1.2M	1.17%
20	SPDR SERIES TRUST	78464A854	14,758	$1.2M	1.13%
21	JPMORGAN CHASE & CO.	VYLD	3,674	$1.2M	1.13%
22	TESLA INC	TSLA	2,504	$1.1M	1.08%
23	SCHWAB STRATEGIC TR	808524102	42,025	$1.1M	1.05%
24	BROADCOM INC	AVGO	3,059	$1.1M	1.01%
25	INVESCO EXCHANGE TRADED FD T	IVZ	17,832	$1.1M	1.01%
26	SELECT SECTOR SPDR TR	81369Y704	6,687	$1.0M	0.99%
27	ISHARES TR	464287408	4,747	$1.0M	0.96%
28	ISHARES TR	464287200	1,396	$956,294	0.92%
29	TIDAL TRUST I	886364231	37,968	$940,088	0.90%
30	SCHWAB STRATEGIC TR	808524300	27,245	$888,724	0.85%
31	LOWES COS INC	548661107	3,526	$850,286	0.81%
32	SELECT SECTOR SPDR TR	81369Y886	19,910	$849,958	0.81%
33	ELI LILLY & CO	LLY	764	$821,022	0.79%
34	FIDELITY COVINGTON TRUST	316092808	3,547	$796,946	0.76%
35	SPDR S&P 500 ETF TR	SPY	1,159	$790,418	0.76%
36	ISHARES TR	464287309	6,038	$744,294	0.71%
37	SILA REALTY TRUST INC	SILA	30,677	$715,079	0.68%
38	ASML HOLDING N V	ASMLF	633	$677,221	0.65%
39	ISHARES TR	464288877	8,995	$642,326	0.61%
40	GE VERNOVA INC	GEV	968	$632,656	0.61%
41	MANAGED PORTFOLIO SERIES	56167R820	25,065	$627,252	0.60%
42	GOLDMAN SACHS GROUP INC	GSCE	688	$604,799	0.58%
43	ISHARES SILVER TR	SLV	9,258	$596,400	0.57%
44	ABRDN SILVER ETF TRUST	SIVR	8,700	$588,468	0.56%
45	VANECK ETF TRUST	92189H805	7,680	$567,706	0.54%
46	AMPHENOL CORP NEW	032095101	4,137	$559,074	0.54%
47	ISHARES TR	46434V613	11,581	$538,995	0.52%
48	BONDBLOXX ETF TRUST	09789C812	11,333	$523,814	0.50%
49	COSTCO WHSL CORP NEW	22160K105	603	$520,050	0.50%
50	EXXON MOBIL CORP	XOM	4,242	$510,487	0.49%
51	ISHARES TR	464288869	3,226	$508,778	0.49%
52	ABRDN PRECIOUS METALS BASKET	GLTR	2,425	$498,580	0.48%
53	ISHARES INC	46434G103	7,123	$478,833	0.46%
54	AMERICAN HEALTHCARE REIT INC	AHR	9,905	$466,129	0.45%
55	DUKE ENERGY CORP NEW	DUKB	3,947	$462,656	0.44%
56	MANAGED PORTFOLIO SERIES	56167N183	16,839	$432,077	0.41%
57	PALANTIR TECHNOLOGIES INC	PLTR	2,393	$425,356	0.41%
58	SCHWAB STRATEGIC TR	808524839	18,077	$422,463	0.40%
59	VISA INC	V	1,165	$408,595	0.39%
60	ARISTA NETWORKS INC	ANET	3,061	$401,083	0.38%
61	NETFLIX INC	NFLX	4,277	$401,012	0.38%
62	ALPS ETF TR	00162Q593	7,498	$384,048	0.37%
63	BLACKROCK ETF TRUST	BLK	9,831	$379,076	0.36%
64	BLACKROCK ETF TRUST	BLK	11,375	$378,801	0.36%
65	ORACLE CORP	ORCL-PD	1,938	$377,736	0.36%
66	ISHARES TR	46432F339	1,890	$375,443	0.36%
67	INVESCO EXCH TRADED FD TR II	IVZ	3,146	$375,353	0.36%
68	ISHARES GOLD TR	IAU	4,466	$362,505	0.35%
69	SPDR SERIES TRUST	78464A409	3,375	$360,163	0.34%
70	GE AEROSPACE	369604301	1,152	$354,851	0.34%
71	SPDR GOLD TR	GLD	895	$354,697	0.34%
72	VANGUARD SCOTTSDALE FDS	92206C680	2,891	$352,021	0.34%
73	AMERICAN CENTY ETF TR	025072604	4,531	$348,954	0.33%
74	INVESCO EXCHANGE TRADED FD T	IVZ	3,716	$344,070	0.33%
75	FIRST TR EXCHANGE TRADED FD	33738R811	2,652	$343,534	0.33%
76	SPDR SERIES TRUST	78464A870	2,741	$334,237	0.32%
77	ETFIS SER TR I	26923G202	4,152	$331,807	0.32%
78	FIRST TR EXCHANGE TRADED FD	33738R704	3,283	$322,788	0.31%
79	JOHNSON CTLS INTL PLC	G51502105	2,651	$317,457	0.30%
80	FIRST TR EXCHANGE-TRADED ALP	33737M300	3,274	$314,692	0.30%
81	DOORDASH INC	DASH	1,386	$313,901	0.30%
82	INVESCO EXCHANGE TRADED FD T	IVZ	1,983	$310,623	0.30%
83	INVESCO EXCHANGE TRADED FD T	IVZ	3,937	$310,472	0.30%
84	ROYAL BK CDA	780087102	1,821	$310,462	0.30%
85	ISHARES TR	464288760	1,433	$307,683	0.29%
86	INVESCO EXCHANGE TRADED FD T	IVZ	2,272	$304,385	0.29%
87	ABBVIE INC	ABBV	1,311	$299,516	0.29%
88	TAIWAN SEMICONDUCTOR MFG LTD	874039100	982	$298,420	0.29%
89	ISHARES TR	464288588	3,081	$293,350	0.28%
90	WORLD GOLD TR	GLDW	3,233	$276,001	0.26%
91	COCA COLA CO	KO	3,872	$270,691	0.26%
92	MASTERCARD INCORPORATED	MA	465	$265,459	0.25%
93	HSBC HLDGS PLC	HBCYF	3,352	$263,702	0.25%
94	ISHARES TR	464287119	2,530	$263,208	0.25%
95	ISHARES TR	46435G672	5,193	$259,706	0.25%
96	INVESCO EXCHANGE TRADED FD T	IVZ	2,596	$258,913	0.25%
97	GLOBAL X FDS	37950E341	4,131	$258,209	0.25%
98	APPLIED MATLS INC	038222105	1,004	$258,018	0.25%
99	ISHARES TR	46432F388	1,857	$253,908	0.24%
100	NOVARTIS AG	NVSEF	1,805	$248,855	0.24%
101	SPDR SERIES TRUST	78468R655	2,764	$247,284	0.24%
102	BANCO SANTANDER SA	BCDRF	20,893	$245,075	0.23%
103	INVESCO EXCH TRADED FD TR II	IVZ	4,276	$242,048	0.23%
104	NOVO-NORDISK A S	NONOF	4,734	$240,866	0.23%
105	NEBIUS GROUP N.V.	NBIS	2,846	$238,225	0.23%
106	LAM RESEARCH CORP	LRCX	1,354	$231,778	0.22%
107	ENBRIDGE INC	ENNPF	4,714	$225,471	0.22%
108	CHUNGHWA TELECOM CO LTD	CHT	5,374	$224,150	0.21%
109	INVESCO QQQ TR	IVZ	359	$220,581	0.21%
110	BROOKFIELD CORP	11271J107	4,797	$220,134	0.21%
111	TOTALENERGIES SE	TTE	3,343	$218,699	0.21%
112	FOX CORP	FOX	2,829	$206,715	0.20%
113	VERIZON COMMUNICATIONS INC	VZ	5,002	$203,731	0.19%
114	CINTAS CORP	CTAS	1,081	$203,314	0.19%
115	ALPHABET INC	GOOG	647	$203,079	0.19%
116	PHILIP MORRIS INTL INC	718172109	1,254	$201,142	0.19%
117	BITFARMS LTD	BITF	47,600	$111,860	0.11%