Fulcrum Asset Management LLP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Fulcrum Asset Management LLP disclosed 177 US equity positions worth $360.7m in its Q3 2025 13F filing. The largest position was NVDA at 11.4% of the reported book, followed by MSFT and AVGO. Against the Q2 2025 filing, it opened 0 new positions, added to 9 and reduced 40 among the top 50 holdings.
What did Fulcrum Asset Management LLP own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORP | Technology | 11.4% | $41.2m | 221,056 | -3% | reduced |
| 2 | MSFT MICROSOFT CORP COMP | Technology | 8.4% | $30.3m | 58,555 | -3% | reduced |
| 3 | AVGO BROADCOM INC COMP | Technology | 5.1% | $18.4m | 55,666 | -2% | reduced |
| 4 | AMZN AMAZON.COM INC COMP | Consumer Cyclical | 4.8% | $17.3m | 78,572 | -3% | reduced |
| 5 | JPM JPMORGAN CHASE & CO | Financial Services | 3.3% | $12.0m | 37,906 | -3% | reduced |
| 6 | GOOGL ALPHABET INC-CL A | Communication Services | 3.1% | $11.2m | 46,190 | -3% | reduced |
| 7 | GOOG ALPHABET IN-CL C | Communication Services | 2.7% | $9.6m | 39,560 | -3% | reduced |
| 8 | V VISA INC-CLASS A SHARES | Financial Services | 2.3% | $8.4m | 24,563 | -3% | reduced |
| 9 | MA MASTERCARD INC - A | Financial Services | 2.1% | $7.5m | 13,140 | -3% | reduced |
| 10 | RSG REPUBLIC SERVICES INC | Industrials | 1.9% | $6.7m | 29,387 | -14% | reduced |
| 11 | BKR BAKER HUGHES CO COMP | Energy | 1.8% | $6.6m | 135,701 | -30% | reduced |
| 12 | SLB SLB LTD | Energy | 1.7% | $6.1m | 177,598 | 21% | added |
| 13 | AWK AMERICAN WATER WORKS CO INC COMP | Utilities | 1.7% | $6.1m | 43,701 | 43% | added |
| 14 | NEE NEXTERA ENERGY INC COMP | Utilities | 1.7% | $6.0m | 79,025 | 35% | added |
| 15 | MU MICRON TECHNOLOGY INC COMP | Technology | 1.6% | $5.7m | 34,070 | 18% | added |
| 16 | PGR PROGRESSIVE CORP COMP | Financial Services | 1.4% | $5.2m | 21,069 | -3% | reduced |
| 17 | TRV TRAVELERS COS INC/THE | Financial Services | 1.4% | $5.1m | 18,117 | -3% | reduced |
| 18 | ES EVERSOURCE ENERGY COMP | Utilities | 1.4% | $4.9m | 69,323 | 9% | added |
| 19 | IBKR INTERACTIVE BROKERS GRO-CL A COMP | Financial Services | 1.3% | $4.5m | 66,038 | -3% | reduced |
| 20 | WCN WASTE CONNECTIONS INC | Industrials | 1.2% | $4.2m | 23,894 | -1% | reduced |
| 21 | JNJ JOHNSON & JOHNSON | Healthcare | 1.1% | $4.0m | 21,807 | -3% | reduced |
| 22 | AME AMETEK INC COMP | Industrials | 1.1% | $4.0m | 21,482 | -3% | reduced |
| 23 | TMO THERMO FISHER SCIENTIFIC INC COMP | Healthcare | 1.1% | $3.9m | 8,039 | -3% | reduced |
| 24 | BSX BOSTON SCIENTIFIC CORP | Healthcare | 1.1% | $3.9m | 39,701 | -3% | reduced |
| 25 | PANW PALO ALTO NETWORKS INC COMP | Technology | 1.1% | $3.9m | 18,986 | -3% | reduced |
| 26 | AEE AMEREN CORPORATION COMP | Utilities | 1.0% | $3.6m | 34,503 | 11% | added |
| 27 | ED CONSOLIDATED EDISON INC COMP | Utilities | 1.0% | $3.5m | 34,971 | 21% | added |
| 28 | ADSK AUTODESK INC COMP | Technology | 1.0% | $3.5m | 10,973 | -3% | reduced |
| 29 | WM WASTE MANAGEMENT INC | Industrials | 0.9% | $3.4m | 15,408 | -19% | reduced |
| 30 | FISV FISERV INC COMP | 0.9% | $3.4m | 26,151 | -3% | reduced | |
| 31 | TDW TIDEWATER INC COMP | Energy | 0.9% | $3.2m | 59,849 | 243% | added |
| 32 | SPGI S&P GLOBAL INC | Financial Services | 0.9% | $3.1m | 6,372 | -3% | reduced |
| 33 | CPAY CORPAY INC COMP | 0.8% | $2.9m | 10,122 | -3% | reduced | |
| 34 | UNH UNITEDHEALTH GROUP INC COMP | Healthcare | 0.8% | $2.9m | 8,441 | -35% | reduced |
| 35 | MS MORGAN STANLEY COMP | Financial Services | 0.8% | $2.9m | 18,062 | -3% | reduced |
| 36 | BAC BANK OF AMERICA CORP | Financial Services | 0.8% | $2.9m | 55,604 | -3% | reduced |
| 37 | AMAT APPLIED MATERIALS INC COMP | Technology | 0.7% | $2.7m | 12,996 | -3% | reduced |
| 38 | TTWO TAKE-TWO INTERACTIVE SOFTWRE COMP | Communication Services | 0.7% | $2.6m | 10,100 | -3% | reduced |
| 39 | PNW PINNACLE WEST CAPITAL COMP | Utilities | 0.7% | $2.5m | 27,984 | 104% | added |
| 40 | ARES ARES MANAGEMENT CORP - A COMP | Financial Services | 0.7% | $2.4m | 15,278 | -0% | held |
| 41 | TJX TJX COMPANIES INC | Consumer Cyclical | 0.7% | $2.4m | 16,895 | -3% | reduced |
| 42 | AJG ARTHUR J GALLAGHER & CO COMP | Financial Services | 0.6% | $2.3m | 7,564 | -3% | reduced |
| 43 | DHI DR HORTON INC | Consumer Cyclical | 0.6% | $2.3m | 13,298 | -3% | reduced |
| 44 | CI CIGNA CORP | Healthcare | 0.6% | $2.2m | 7,707 | -30% | reduced |
| 45 | WEX WEX INC COMP | Technology | 0.6% | $2.2m | 14,063 | -3% | reduced |
| 46 | PEP PEPSICO INC | Consumer Defensive | 0.6% | $2.1m | 14,896 | -3% | reduced |
| 47 | SRE SEMPRA ENERGY COMP | Utilities | 0.6% | $2.1m | 23,196 | -3% | reduced |
| 48 | AMD ADVANCED MICRO DEVICES COMP | Technology | 0.6% | $2.0m | 12,665 | -3% | reduced |
| 49 | ATR APTARGROUP INC COMP | Healthcare | 0.6% | $2.0m | 14,900 | -3% | reduced |
| 50 | MRK MERCK & CO. INC. COMP | Healthcare | 0.5% | $2.0m | 23,399 | -3% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.