Fulcrum Asset Management LLP
SEC Form 13F institutional filer · CIK 0001353395
13F-HR · 117 reported holdings · 2026-03-31
Reported long-US-equity value
$0.45B
Top-10 concentration
47.8%
Fulcrum Asset Management LLP — $450M AUM allocation strategy
Fulcrum Asset Management LLP files SEC Form 13F and reports $450M of long US equity value across 117 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 24.1%, followed by Energy 10.4% and Industrials 9.1%.
The top 10 holdings account for 48% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Fulcrum Asset Management LLP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$450M
total across 117 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
48% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SLB +261K sh · +$12.6M+$NEE +81.7K sh · +$8.08M+$NVDA +79K sh · −$387K
Biggest trims (shares)
−$AEE −32.8K sh · −$3.23M−$BKR −25.8K sh · +$3.15K−$WEC −13.8K sh · −$5.73M
Exited to nil (held last quarter, gone now)
$ORCL ($28.8M last qtr)$WDAY ($19.8M last qtr)$CMCSA ($18.4M last qtr)$TRV ($5.14M last qtr)$MCK ($5.1M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors17.2%—
- Oil & Gas Equipment & Services8.3%—
- Interactive Media & Services6.9%—
- Environmental & Facilities Services6.6%—
- Systems Software5.6%—
- Broadline Retail4.8%—
- Transaction & Payment Processing Services3.1%—
- Multi-Utilities3.0%—
- Other holdings44.6%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 297K | $49.1M | +79K | 10.9% |
| $MSFT | Microsoft Corporation | 70.3K | $25.2M | +11.2K | 5.6% |
| $AMZN | Amazon.com Inc | 106K | $21.4M | +22.2K | 4.8% |
| $AVGO | Broadcom Inc | 72K | $21.1M | +19.4K | 4.7% |
| $HAL | Halliburton Company | 512K | $20.1M | — | 4.5% |
| $SLB | SLB Limited | 338K | $17.4M | +261K | 3.9% |
| $GOOGL | Alphabet Inc | 63.5K | $17.3M | +19.6K | 3.9% |
| $WM | Waste Management Inc | 71K | $16.3M | +55.9K | 3.6% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 50.3K | $13.8M | +5.48K | 3.1% |
| $NEE | NextEra Energy Inc | 145K | $13.4M | +81.7K | 3.0% |
…and 107 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.