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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 2 of 3  ·  52 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 RGLD ROYAL GOLD INC COMP Basic Materials 17,519.0 $4.2M 0.63% NEW $238.76 +0.8%
22 OSK OSHKOSH CORP COMP Industrials 30,326.0 $4.2M 0.63% NEW $137.64 -8.4%
23 AA ALCOA CORP COMP Basic Materials 65,662.0 $4.2M 0.63% NEW $63.22 -1.1%
24 RES RPC INC COMP Energy 552,228.0 $3.9M 0.60% NEW $7.15 -1.0%
25 BTU PEABODY ENERGY CORP COMP Energy 102,484.0 $3.7M 0.55% NEW $35.68 -33.4%
26 VLO VALERO ENERGY CORP COMP Energy 13,012.0 $3.3M 0.49% NEW $250.27 -2.2%
27 DNOW NOW INC COMP Energy 231,120.0 $2.7M 0.41% NEW $11.62 +14.7%
28 AGI ALAMOS GOLD INC-CLASS A COMP Basic Materials 59,392.0 $2.6M 0.40% NEW $44.47 -9.5%
29 HCC WARRIOR MET COAL INC COMP Energy 22,510.0 $2.1M 0.32% NEW $94.22 -8.9%
30 DK DELEK US HOLDINGS INC COMP Energy 33,720.0 $1.5M 0.23% NEW $45.73 -4.5%
31 LHX L3HARRIS TECHNOLOGIES INC COMP Industrials 4,362.0 $1.5M 0.22% NEW $339.93 -9.5%
32 TALO TALOS ENERGY INC COMP Energy 75,274.0 $1.2M 0.19% NEW $16.32 -5.5%
33 AMR ALPHA METALLURGICAL RESOURCE COMP Energy 4,856.0 $1.0M 0.16% NEW $214.24 -16.1%
34 EQX EQUINOX GOLD CORP COMP Basic Materials 69,682.0 $1.0M 0.15% NEW $14.44 -0.5%
35 CRK COMSTOCK RESOURCES INC COMP Energy 45,814.0 $1.0M 0.15% NEW $21.88 -32.0%
36 NI NISOURCE INC COMP Utilities 20,856.0 $970K 0.15% NEW $46.50 +2.0%
37 ATO ATMOS ENERGY CORP COMP Utilities 4,914.0 $909K 0.14% NEW $185.02 -4.6%
38 AVAV AEROVIRONMENT INC COMP Industrials 4,234.0 $749K 0.11% NEW $176.97 -10.7%
39 CVI CVR ENERGY INC COMP Energy 17,692.0 $618K 0.09% NEW $34.94 -5.2%
40 OGE OGE ENERGY CORP COMP Utilities 11,888.0 $569K 0.09% NEW $47.89 -0.8%
Page 2 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%