SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Fulcrum Equity Management

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

Reported Value
$85M
Q3 2023
Positions
95
Filings on Record
36
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Fulcrum Equity Management reported $85M in U.S.-listed holdings across 95 positions for Q3 2023.

Its largest position, Spdr S P 500 Etf Tr, represents 18.1% of the portfolio.

Compared with Q2 2023, the fund opened 58 new positions and exited 33.

Portfolio Metrics

Turnover
+40.4%
vs prior filed quarter
Top-10 Concentration
+46.6%
share of reported value
Largest Position
+18.1%
Spdr S P 500 Etf Tr
New / Exited
58 / 33
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: 72.8%Common Stock: 26.2%ADR: 0.7%REIT: 0.4%
  • ETP · 72.8% · $62M
  • Common Stock · 26.2% · $22M
  • ADR · 0.7% · $557,193
  • REIT · 0.4% · $321,962

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLCSELECT SECTOR SPDR TRNEW+24.5K24.5K+$2M$2M
SPDR SER TRNEW+19.6K19.6K+$2M$2M
INVESCO EXCHANGE TRADED FD TNEW+42.0K42.0K+$1M$1M
LISTED FD TRNEW+33.2K33.2K+$1M$1M
RBB FD INCNEW+34.9K34.9K+$1M$1M
SCHWAB STRATEGIC TRNEW+18.7K18.7K+$1M$1M
VLOVALERO ENERGY CORPNEW+8.7K8.7K+$1M$1M
ISHARES U S ETF TRNEW+17.2K17.2K+$915,024$915,024

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

Holdings — Q3 2023

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR S&P 500 ETF TRTR UNIT18.05%$15M36.0K
2XLCSELECT SECTOR SPDR TRTECHNOLOGY · COMMUNICATION · SBI CONS DISCR · INDL · SBI HEALTHCARE · FINANCIAL · ENERGY10.60%$9M91.3K
3SPDR SER TRBLOOMBERG 1-3 MO · S&P HOMEBUILD6.35%$5M62.3K
4PGIM ETF TRPGIM ULTRA SH BD5.46%$5M94.2K
5INVESCO EXCHANGE TRADED FD TS&P 500 TOP 50 · S&P MDCP QUALITY · S&P500 PUR GWT · S&P MDCP MOMNTUM · HIG YLD EQ DIV4.72%$4M108.6K
6J P MORGAN EXCHANGE TRADED FULTRA SHRT INC4.52%$4M76.9K
7ACWIISHARES TRRUS TP200 GR ETF · RUSSELL 2000 ETF · RUS 1000 GRW ETF · MSCI ACWI ETF3.60%$3M19.9K
8OKEONEOK INC NEWhistory →COM3.29%$3M44.3K
9LISTED FD TRWAHED FTSE ETF1.61%$1M33.2K
10RBB FD INCMOTLEY FOL ETF1.61%$1M34.9K
11SCHWAB STRATEGIC TRUS LCAP GR ETF1.60%$1M18.7K
12BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.49%$1M3.6K
13PROSHARES TRPSHS ULT S&P 5001.46%$1M23.4K
14VLOVALERO ENERGY CORPhistory →COM1.45%$1M8.7K
15LOWLOWES COS INChistory →COM1.10%$942,3394.5K
16ISHARES U S ETF TRU.S. TECH INDEPD1.07%$915,02417.2K
17PACER FDS TRTRENDPILOT 1001.05%$895,24214.6K
18PRINCIPAL EXCHANGE TRADED FDUS MEGA CP ETF1.04%$891,45820.8K
19ETF SER SOLUTIONSACQUIRERS FD1.04%$886,87528.3K
20NORTHERN LTS FD TR IIIHCM DEFND 1001.02%$872,48219.4K
21VANGUARD WORLD FDMEGA GRWTH IND1.02%$871,3083.8K
22NUSHARES ETF TRNUVEEN ESG LRGCP1.00%$856,97114.3K
23JNJJOHNSON & JOHNSONCOM0.97%$825,7945.3K
24VANGUARD SCOTTSDALE FDSVNG RUS1000GRW0.94%$805,34911.8K
25WMTWALMART INCCOM0.85%$724,1614.5K
26ABBVABBVIE INCCOM0.84%$713,7184.8K
27EXMOCEXXON MOBIL CORPCOM0.82%$698,4555.9K
28COPCONOCOPHILLIPSCOM0.78%$667,1255.6K
29PFEPFIZER INCCOM0.67%$570,12917.2K
30CHVCHEVRON CORP NEWCOM0.66%$563,5983.3K
31AMGNAMGEN INCCOM0.63%$537,8342.0K
32PSXPHILLIPS 66COM0.61%$521,3624.3K
33EOGEOG RES INCCOM0.58%$493,7673.9K
34HIIHUNTINGTON INGALLS INDS INCCOM0.54%$464,3662.3K
35VSTVISTRA CORPCOM0.54%$457,10313.8K
36VETVERMILION ENERGY INCCOM0.53%$450,40930.8K

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 ↗.