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Portfolio (Quarterly) Guide ↗

Fulcrum Asset Management LLP

· CIK 0001353395
13F Portfolio $661.8B AUM 220 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 52 New 84 Added 12 Reduced 14 Exited
Page 3 of 3  ·  52 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 XEL XCEL ENERGY INC COMP Utilities 6,638.0 $525K 0.08% NEW $79.16 +1.1%
42 PLNT PLANET FITNESS INC - CL A COMP Consumer Cyclical 6,916.0 $510K 0.08% NEW $73.73 -30.2%
43 VALE SA-SP ADR COMP 28,982.0 $438K 0.07% NEW $15.10
44 HD HOME DEPOT INC COMP Consumer Cyclical 976.0 $316K 0.05% NEW $323.50 -5.9%
45 FORTINET INC COMP 3,749.0 $296K 0.04% NEW $79.05
46 LIN LINDE PLC COMP Basic Materials 548.0 $274K 0.04% NEW $499.26 +2.5%
47 EQNR EQUINOR ASA Energy 4,972.0 $216K 0.03% NEW $43.36 -11.2%
48 INSW INTERNATIONAL SEAWAYS INC COMP Energy 822.0 $58K 0.01% NEW $70.93 +20.6%
49 TNK TEEKAY TANKERS LTD-CLASS A COMP Energy 720.0 $52K 0.01% NEW $72.03 +7.4%
50 DHT DHT HOLDINGS INC COMP Energy 2,719.0 $49K 0.01% NEW $17.93 -0.4%
51 STNG SCORPIO TANKERS INC COMP Energy 404.0 $30K 0.00% NEW $73.66 +12.3%
52 TRMD TORM PLC Energy 1,015.0 $28K 0.00% NEW $27.91 +13.1%
Page 3 of 3  ·  52 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Energy 29.7%
Technology 21.1%
Basic Materials 9.0%
Industrials 8.8%
Financial Services 7.4%
Communication Services 5.7%
Consumer Cyclical 5.4%
Utilities 5.1%
Consumer Defensive 3.9%
Healthcare 3.6%