SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Fulcrum Equity Management

CIK 0001737888 · 5465 LEGACY DRIVE, SUITE 650, PLANO, TX, 75024 · 8883046942

Reported Value
$122M
Q2 2023
Positions
70
Filings on Record
36
2019–present window
Filed
Jul 10, 2023
amendment (RESTATEMENT)

Summary

Fulcrum Equity Management reported $122M in U.S.-listed holdings across 70 positions for Q2 2023.

Its largest position, Spdr S P 500 Etf Tr, represents 14.4% of the portfolio.

Compared with Q1 2023, the fund opened 17 new positions and exited 37.

Portfolio Metrics

Turnover
+24.6%
vs prior filed quarter
Top-10 Concentration
+44.4%
share of reported value
Largest Position
+14.4%
Spdr S P 500 Etf Tr
New / Exited
17 / 37
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $291MQ1 ’19Q2 ’19: $210MQ3 ’19: $197MQ4 ’19: $191MQ1 ’20: $140MQ1 ’20Q2 ’20: $211MQ3 ’20: $216MQ4 ’20: $251MQ1 ’21: $253MQ1 ’21Q2 ’21: $268MQ4 ’21: $258MQ1 ’22: $169MQ2 ’22: $124MQ2 ’22Q3 ’22: $118MQ4 ’22: $122MQ1 ’23: $213MQ2 ’23: $122MQ2 ’23Q3 ’23: $85MQ4 ’23: $162MQ1 ’24: $85MQ2 ’24: $111MQ2 ’24Q3 ’24: $118MQ1 ’25: $92MQ2 ’25: $97MQ4 ’25: $104MQ4 ’25Q1 ’26: $103MQ2 ’26: $136Mfilingsflow.com

Portfolio Composition

By security type
ETP: 87.3%Common Stock: 9.6%Other: 3.1%
  • ETP · 87.3% · $107M
  • Common Stock · 9.6% · $12M
  • Other · 3.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PIMCO ETF TRNEW+41.6K41.6K+$4M$4M
ISHARES TRNEW+44.0K44.0K+$4M$4M
ISHARES TRNEW+35.4K35.4K+$3M$3M
WISDOMTREE TRNEW+32.6K32.6K+$3M$3M
ISHARES TRNEW+13.8K13.8K+$3M$3M
FIRST TR MORNINGSTAR DIVID LNEW+75.3K75.3K+$3M$3M
ISHARES TRNEW+22.7K22.7K+$3M$3M
INVESCO EXCHANGE TRADED FD TNEW+59.3K59.3K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2023

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ACWIISHARES TR1 3 YR TREAS BD · 7-10 YR TRSY BD · US CONSM STAPLES · SELECT DIVID ETF · U.S. INSRNCE ETF · US AER DEF ETF · 20 YR TR BD ETF · SHORT TREAS BD · MSCI USA MMENTM · MSCI ACWI ETF · TRS FLT RT BD19.47%$24M231.9K
2SPDR S&P 500 ETF TRTR UNIT14.41%$18M46.0K
3J P MORGAN EXCHANGE TRADED FULTRA SHRT INC8.05%$10M196.1K
4XLFSELECT SECTOR SPDR TRTECHNOLOGY · SBI HEALTHCARE · FINANCIAL · ENERGY · SBI CONS STPLS · SBI INT-INDS7.01%$9M110.6K
5INVESCO EXCHANGE TRADED FD TDYNMC FOOD BEV · S&P500 EQL UTL · S&P500 PUR VAL · S&P MDCP400 VL · DYNMC ENRG EXP6.79%$8M126.7K
6FIRST TR EXCHANGE-TRADED FDRBA INDL ETF · NAT GAS ETF · CAP STRENGTH ETF5.44%$7M184.1K
7ALPS ETF TRALERIAN MLP · ALERIAN ENERGY4.71%$6M210.9K
8PIMCO ETF TRENHAN SHRT MA AC · 1-5 US TIP IDX3.99%$5M57.1K
9SPDR SER TRBLOOMBERG 1-3 MO3.44%$4M45.9K
10MANAGED PORTFOLIO SERIESTORTOISE NRAM PI2.44%$3M120.8K
11WISDOMTREE TRUS HIGH DIVIDEND2.30%$3M32.6K
12OKEONEOK INC NEWhistory →COM2.28%$3M42.4K
13PACER FDS TRUS CASH COWS 1002.26%$3M59.7K
14FIRST TR MORNINGSTAR DIVID LSHS2.26%$3M75.3K
15CAMBRIA ETF TRVALUE MOMENTUM2.24%$3M100.3K
16PROSHARES TRPSHS ULT S&P 5001.74%$2M47.9K
17INVESCO EXCH TRADED FD TR IIS&P SMALLCAP 6001.54%$2M17.4K
18BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.92%$1M3.6K
19LOWLOWES COS INCCOM0.73%$891,1484.5K
20PGIM ETF TRPGIM ULTRA SH BD0.63%$765,56715.6K
21JNJJOHNSON & JOHNSONCOM0.61%$746,6504.2K
22WMTWALMART INCCOM0.52%$639,5874.5K
23PFEPFIZER INCCOM0.45%$549,77310.7K
24VETVERMILION ENERGY INCCOM0.44%$537,19430.4K
25COPCONOCOPHILLIPSCOM0.43%$520,8574.4K
26PROSHARES TR IIVIX SH TRM FUTRS0.41%$504,69244.3K
27MSTBETF SER SOLUTIONSLHA MKT ST TACTL0.33%$401,39716.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$136M144Jul 9, 202613F-HRchanges · EDGAR ↗
Q1 2026$103M128Apr 2, 202613F-HRchanges · EDGAR ↗
Q4 2025$104M117Jan 6, 202613F-HRchanges · EDGAR ↗
Q2 2025$97M102Aug 25, 202513F-HRchanges · EDGAR ↗
Q1 2025$92M96May 1, 202513F-HRchanges · EDGAR ↗
Q3 2024$118M137Nov 22, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2024$111M130Jul 22, 202413F-HRchanges · EDGAR ↗
Q1 2024$85M109Apr 24, 202413F-HRchanges · EDGAR ↗
Q4 2023REVEALED$162M182Jan 19, 202413F-HRchanges · EDGAR ↗
Q3 2023$85M95Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$122M70Jul 10, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2023REVEALED$213M180Apr 6, 202313F-HRchanges · EDGAR ↗
Q4 2022$122M70Jan 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$118M64Oct 11, 202213F-HRchanges · EDGAR ↗
Q2 2022$124M73Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$169M105Apr 15, 202213F-HRchanges · EDGAR ↗
Q4 2021$258M177Jan 25, 202213F-HRchanges · EDGAR ↗
Q2 2021$268M179Jul 15, 202113F-HRchanges · EDGAR ↗
Q1 2021$253M172Apr 5, 202113F-HRchanges · EDGAR ↗
Q4 2020$251M153Feb 22, 202113F-HRchanges · EDGAR ↗
Q3 2020$216M144Oct 27, 202013F-HRchanges · EDGAR ↗
Q2 2020$211M138Aug 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$140M49Apr 1, 202013F-HRchanges · EDGAR ↗
Q4 2019$191M89Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$197M238Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$210M81Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$291M97May 3, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.