Fulcrum Asset Management LLP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Fulcrum Asset Management LLP disclosed 258 US equity positions worth $537.3m in its Q4 2025 13F filing. The largest position was NVIDIA CORP at 7.6% of the reported book, followed by NVDA and ORCL. Against the Q3 2025 filing, it opened 14 new positions, added to 6 and reduced 30 among the top 50 holdings.
What did Fulcrum Asset Management LLP own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA CORP | 7.6% | $40.9m | 218,004 | – | new | |
| 2 | NVDA NVIDIA CORP | Technology | 7.6% | $40.9m | 218,004 | -1% | reduced |
| 3 | ORCL MICROSOFT CORP COMP | Technology | 5.4% | $28.8m | 59,070 | – | new |
| 4 | MSFT MICROSOFT CORP COMP | Technology | 5.4% | $28.8m | 59,070 | 1% | added |
| 5 | AMZN AMAZON.COM INC COMP | Consumer Cyclical | 3.6% | $19.6m | 84,275 | 7% | added |
| 6 | AVGO BROADCOM INC COMP | Technology | 3.4% | $18.4m | 52,526 | -6% | reduced |
| 7 | CMCSA BROADCOM INC COMP | Communication Services | 3.4% | $18.4m | 52,526 | – | new |
| 8 | GOOGL ALPHABET INC-CL A | Communication Services | 2.6% | $14.1m | 44,861 | -3% | reduced |
| 9 | GOOG ALPHABET IN-CL C | Communication Services | 2.6% | $13.8m | 43,867 | 11% | added |
| 10 | JPM JPMORGAN CHASE & CO | Financial Services | 2.2% | $11.9m | 36,815 | -3% | reduced |
| 11 | MU MICRON TECHNOLOGY INC COMP | Technology | 1.6% | $8.6m | 29,257 | -14% | reduced |
| 12 | V VISA INC-CLASS A SHARES | Financial Services | 1.6% | $8.4m | 23,856 | -3% | reduced |
| 13 | MA MASTERCARD INC - A | Financial Services | 1.4% | $7.4m | 12,762 | -3% | reduced |
| 14 | MASTERCARD INC - A | 1.4% | $7.4m | 12,762 | – | new | |
| 15 | RSG REPUBLIC SERVICES INC | Industrials | 1.1% | $6.2m | 28,763 | -2% | reduced |
| 16 | NEXTERA ENERGY INC COMP | 1.0% | $5.6m | 112,133 | – | new | |
| 17 | BKR BAKER HUGHES CO COMP | Energy | 1.0% | $5.2m | 113,786 | -16% | reduced |
| 18 | TRV TRAVELERS COS INC/THE | Financial Services | 1.0% | $5.1m | 17,596 | -3% | reduced |
| 19 | NEE NEXTERA ENERGY INC COMP | Utilities | 1.0% | $5.1m | 63,517 | -20% | reduced |
| 20 | MCK PLAINS ALL AMER PIPELINE LP COMP | Healthcare | 0.9% | $5.1m | 42,744 | – | new |
| 21 | PGR PROGRESSIVE CORP COMP | Financial Services | 0.9% | $4.7m | 20,462 | -3% | reduced |
| 22 | PODD THERMO FISHER SCIENTIFIC INC COMP | Healthcare | 0.8% | $4.6m | 7,808 | – | new |
| 23 | TMO THERMO FISHER SCIENTIFIC INC COMP | Healthcare | 0.8% | $4.6m | 7,808 | -3% | reduced |
| 24 | RYTM JOHNSON & JOHNSON | Healthcare | 0.8% | $4.4m | 21,179 | – | new |
| 25 | JNJ JOHNSON & JOHNSON | Healthcare | 0.8% | $4.4m | 21,179 | -3% | reduced |
| 26 | AME AMETEK INC COMP | Industrials | 0.8% | $4.3m | 20,703 | -4% | reduced |
| 27 | ES EVERSOURCE ENERGY COMP | Utilities | 0.8% | $4.3m | 63,336 | -9% | reduced |
| 28 | BX EVERSOURCE ENERGY COMP | Financial Services | 0.8% | $4.3m | 63,336 | – | new |
| 29 | IBKR INTERACTIVE BROKERS GRO-CL A COMP | Financial Services | 0.8% | $4.2m | 64,137 | -3% | reduced |
| 30 | WCN WASTE CONNECTIONS INC | Industrials | 0.8% | $4.1m | 23,438 | -2% | reduced |
| 31 | AEE AMEREN CORPORATION COMP | Utilities | 0.8% | $4.1m | 40,774 | 18% | added |
| 32 | ED CONSOLIDATED EDISON INC COMP | Utilities | 0.8% | $4.1m | 40,754 | 17% | added |
| 33 | TU CONSOLIDATED EDISON INC COMP | Communication Services | 0.8% | $4.1m | 40,754 | – | new |
| 34 | BSX BOSTON SCIENTIFIC CORP | Healthcare | 0.7% | $3.7m | 38,559 | -3% | reduced |
| 35 | PANW PALO ALTO NETWORKS INC COMP | Technology | 0.6% | $3.4m | 18,440 | -3% | reduced |
| 36 | WM WASTE MANAGEMENT INC | Industrials | 0.6% | $3.4m | 15,139 | -2% | reduced |
| 37 | ROP WASTE MANAGEMENT INC | Technology | 0.6% | $3.4m | 15,139 | – | new |
| 38 | AMAT APPLIED MATERIALS INC COMP | Technology | 0.6% | $3.3m | 12,622 | -3% | reduced |
| 39 | SPGI S&P GLOBAL INC | Financial Services | 0.6% | $3.3m | 6,189 | -3% | reduced |
| 40 | ADSK AUTODESK INC COMP | Technology | 0.6% | $3.2m | 10,657 | -3% | reduced |
| 41 | EXP AUTODESK INC COMP | Basic Materials | 0.6% | $3.2m | 10,657 | – | new |
| 42 | MS MORGAN STANLEY COMP | Financial Services | 0.6% | $3.1m | 17,542 | -3% | reduced |
| 43 | CPAY CORPAY INC COMP | 0.6% | $3.0m | 9,831 | -3% | reduced | |
| 44 | BAC BANK OF AMERICA CORP | Financial Services | 0.6% | $3.0m | 54,004 | -3% | reduced |
| 45 | SLB SLB LTD | Energy | 0.6% | $3.0m | 76,845 | -57% | reduced |
| 46 | COST ADVANCED MICRO DEVICES COMP | Consumer Defensive | 0.5% | $2.8m | 13,078 | – | new |
| 47 | AMD ADVANCED MICRO DEVICES COMP | Technology | 0.5% | $2.8m | 13,078 | 3% | added |
| 48 | AWK AMERICAN WATER WORKS CO INC COMP | Utilities | 0.5% | $2.8m | 21,131 | -52% | reduced |
| 49 | UNH UNITEDHEALTH GROUP INC COMP | Healthcare | 0.5% | $2.7m | 8,198 | -3% | reduced |
| 50 | ICE TJX COMPANIES INC | Financial Services | 0.5% | $2.5m | 16,409 | – | new |
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.