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Portfolio (Quarterly) Guide ↗

Fulcrum Asset Management LLP

· CIK 0001353395
13F Portfolio $359M AUM 182 positions Filed Feb 5, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 181 New
Page 6 of 10  ·  181 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 PYPL PAYPAL HOLDINGS INC Financial Services 6,782.0 $401K 0.11% NEW $59.10 -24.6%
102 PAA PLAINS ALL AMER PIPELINE LP COMP Energy 22,282.0 $398K 0.11% NEW $17.87 +27.7%
103 ZTS ZOETIS INC Healthcare 3,114.0 $394K 0.11% NEW $126.41 -40.7%
104 NKE NIKE INC -CL B COMP Consumer Cyclical 6,304.0 $386K 0.11% NEW $61.19 -32.2%
105 VALE VALE SA-SP ADR COMP Basic Materials 28,982.0 $380K 0.11% NEW $13.10 +26.0%
106 NTR NUTRIEN LTD Basic Materials 5,880.0 $367K 0.10% NEW $62.48 +13.5%
107 NEM NEWMONT GOLDCORP CORP COMP Basic Materials 3,600.0 $367K 0.10% NEW $101.86 +8.4%
108 IAG IAMGOLD CORP COMP Basic Materials 20,066.0 $336K 0.09% NEW $16.75 +3.6%
109 PBA PEMBINA PIPELINE CORP COMP Energy 8,566.0 $327K 0.09% NEW $38.19 +27.8%
110 WES WESTERN MIDSTREAM PARTNERS L COMP Energy 7,933.0 $314K 0.09% NEW $39.62 +15.7%
111 ET ENERGY TRANSFER LP COMP Energy 18,664.0 $309K 0.09% NEW $16.54 +21.2%
112 CNI CANADIAN NATL RAILWAY CO COMP Industrials 2,998.0 $298K 0.08% NEW $99.31 +12.9%
113 O REALTY INCOME CORP Real Estate 5,026.0 $287K 0.08% NEW $57.03 +7.8%
114 ALL ALLSTATE CORP Financial Services 1,342.0 $281K 0.08% NEW $209.10 +4.1%
115 CWST CASELLA WASTE SYSTEMS INC-A COMP Industrials 2,793.0 $280K 0.08% NEW $100.29 -14.4%
116 FORTINET INC COMP 3,351.0 $269K 0.07% NEW $80.31
117 SQM QUIMICA Y MINERA CHIL-SP ADR COMP Basic Materials 3,801.0 $262K 0.07% NEW $68.98 +21.5%
118 UEC URANIUM ENERGY CORP COMP Energy 19,405.0 $228K 0.06% NEW $11.77 +14.6%
119 WDAY WORKDAY INC-CLASS A COMP Technology 1,050.0 $228K 0.06% NEW $216.93 -42.0%
120 NVR NVR INC COMP Consumer Cyclical 28.0 $205K 0.06% NEW $7327.21 -23.4%
Page 6 of 10  ·  181 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
Technology 34.8%
Financial Services 17.0%
Communication Services 9.2%
Consumer Cyclical 8.1%
Utilities 7.6%
Healthcare 7.1%
Industrials 6.4%
Energy 6.4%
Basic Materials 1.7%
Consumer Defensive 0.9%