Fulcrum Asset Management LLP
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| ALPHABET IN-CL C | 39,560 | 43,867 | +4,307 | 9,634,838 | 13,798,365 | +4,163,527 |
| MICRON TECHNOLOGY INC COMP | 34,070 | 29,257 | -4,813 | 5,700,592 | 8,561,476 | +2,860,884 |
| ALPHABET INC-CL A | 46,190 | 44,861 | -1,329 | 11,228,789 | 14,079,625 | +2,850,836 |
| AMAZON.COM INC COMP | 78,572 | 84,275 | +5,703 | 17,252,054 | 19,596,466 | +2,344,412 |
| ROYAL BANK OF CANADA COMP | 0 | 11,835 | +11,835 | 0 | 2,017,691 | +2,017,691 |
| AGNICO EAGLE MINES LTD COMP | 0 | 5,350 | +5,350 | 0 | 919,344 | +919,344 |
| KINROSS GOLD CORP COMP | 0 | 26,970 | +26,970 | 0 | 771,612 | +771,612 |
| ADVANCED MICRO DEVICES COMP | 12,665 | 13,078 | +413 | 2,049,070 | 2,816,217 | +767,147 |
| THERMO FISHER SCIENTIFIC INC COMP | 8,039 | 7,808 | -231 | 3,899,076 | 4,555,578 | +656,502 |
| APPLIED MATERIALS INC COMP | 12,996 | 12,622 | -374 | 2,660,801 | 3,281,341 | +620,540 |
| CONSOLIDATED EDISON INC COMP | 34,971 | 40,754 | +5,783 | 3,515,285 | 4,070,917 | +555,632 |
| AMEREN CORPORATION COMP | 34,503 | 40,774 | +6,271 | 3,601,423 | 4,107,573 | +506,150 |
| MERCK & CO. INC. COMP | 23,399 | 22,726 | -673 | 1,963,878 | 2,410,320 | +446,442 |
| AMPHENOL CORP-CL A COMP | 12,805 | 14,574 | +1,769 | 1,584,619 | 1,984,979 | +400,360 |
| TARGA RESOURCES CORP COMP | 7,524 | 8,673 | +1,149 | 1,260,571 | 1,610,056 | +349,485 |
| JOHNSON & JOHNSON | 21,807 | 21,179 | -628 | 4,043,454 | 4,382,147 | +338,693 |
| IAMGOLD CORP COMP | 0 | 20,066 | +20,066 | 0 | 336,106 | +336,106 |
| MORGAN STANLEY COMP | 18,062 | 17,542 | -520 | 2,871,136 | 3,141,421 | +270,285 |
| WEC ENERGY GROUP INC COMP | 13,409 | 16,889 | +3,480 | 1,536,537 | 1,791,754 | +255,217 |
| LAM RESEARCH CORP COMP | 7,204 | 6,996 | -208 | 964,616 | 1,215,765 | +251,149 |
| AMETEK INC COMP | 21,482 | 20,703 | -779 | 4,038,616 | 4,286,142 | +247,526 |
| ONEOK INC COMP | 16,654 | 19,325 | +2,671 | 1,215,242 | 1,426,572 | +211,330 |
| MPLX LP COMP | 13,928 | 16,052 | +2,124 | 695,704 | 861,029 | +165,325 |
| S&P GLOBAL INC | 6,372 | 6,189 | -183 | 3,101,316 | 3,265,873 | +164,557 |
| NEW GOLD INC COMP | 0 | 18,592 | +18,592 | 0 | 163,796 | +163,796 |
| SALESFORCE.COM INC | 6,931 | 6,731 | -200 | 1,642,647 | 1,789,908 | +147,261 |
| IDEXX LABORATORIES INC | 885 | 1,037 | +152 | 565,418 | 707,566 | +142,148 |
| GILDAN ACTIVEWEAR INC COMP | 0 | 2,225 | +2,225 | 0 | 139,077 | +139,077 |
| QUIMICA Y MINERA CHIL-SP ADR COMP | 3,245 | 3,801 | +556 | 139,470 | 262,193 | +122,723 |
| BANK OF AMERICA CORP | 55,604 | 54,004 | -1,600 | 2,868,610 | 2,985,341 | +116,731 |
| ECOLAB INC | 3,116 | 3,652 | +536 | 853,348 | 965,881 | +112,533 |
| ENBRIDGE INC COMP | 21,842 | 25,174 | +3,332 | 1,102,147 | 1,209,611 | +107,464 |
| TJX COMPANIES INC | 16,895 | 16,409 | -486 | 2,442,003 | 2,549,138 | +107,135 |
| ARES MANAGEMENT CORP - A COMP | 15,278 | 15,561 | +283 | 2,442,799 | 2,540,022 | +97,223 |
| WILLIAMS COS INC COMP | 16,172 | 18,639 | +2,467 | 1,024,496 | 1,121,322 | +96,826 |
| KINDER MORGAN INC COMP | 25,293 | 29,151 | +3,858 | 716,045 | 803,985 | +87,940 |
| ENTERPRISE PRODUCTS PARTNERS COMP | 14,413 | 16,733 | +2,320 | 450,695 | 537,297 | +86,602 |
| TRAVELERS COS INC/THE | 18,117 | 17,596 | -521 | 5,058,629 | 5,144,718 | +86,089 |
| BRISTOL-MYERS SQUIBB CO | 11,336 | 11,010 | -326 | 511,254 | 596,852 | +85,598 |
| CORPAY INC COMP | 10,122 | 9,831 | -291 | 2,915,743 | 2,999,438 | +83,695 |
| ELEVANCE HEALTH INC COMP | 4,921 | 4,780 | -141 | 1,590,074 | 1,667,264 | +77,190 |
| NUTRIEN LTD | 5,018 | 5,880 | +862 | 294,607 | 367,382 | +72,775 |
| FREEPORT-MCMORAN INC COMP | 9,482 | 8,620 | -862 | 371,884 | 443,154 | +71,270 |
| CORTEVA INC COMP | 6,191 | 7,255 | +1,064 | 418,697 | 488,769 | +70,072 |
| PLAINS ALL AMER PIPELINE LP COMP | 19,333 | 22,282 | +2,949 | 329,821 | 398,179 | +68,358 |
| PROLOGIS INC | 5,514 | 5,369 | -145 | 631,463 | 692,655 | +61,192 |
| NEWMONT GOLDCORP CORP COMP | 3,707 | 3,600 | -107 | 312,537 | 366,696 | +54,159 |
| VISA INC-CLASS A SHARES | 24,563 | 23,856 | -707 | 8,385,317 | 8,435,959 | +50,642 |
| WESTERN MIDSTREAM PARTNERS L COMP | 6,884 | 7,933 | +1,049 | 270,472 | 314,305 | +43,833 |
| ANTERO MIDSTREAM CORP COMP | 34,803 | 40,112 | +5,309 | 676,570 | 716,400 | +39,830 |
| CLEAN HARBORS INC | 6,569 | 6,569 | 0 | 1,525,453 | 1,561,977 | +36,524 |
| VALE SA-SP ADR COMP | 31,878 | 28,982 | -2,896 | 346,195 | 379,664 | +33,469 |
| ENERGY TRANSFER LP COMP | 16,040 | 18,664 | +2,624 | 275,246 | 308,703 | +33,457 |
| PEMBINA PIPELINE CORP COMP | 7,432 | 8,566 | +1,134 | 300,699 | 327,136 | +26,437 |
| ESTEE LAUDER COMPANIES-CL A COMP | 1,447 | 1,405 | -42 | 127,510 | 148,705 | +21,195 |
| CONFLUENT INC-CLASS A COMP | 1,740 | 1,740 | 0 | 34,452 | 52,426 | +17,974 |
| KLA CORP COMP | 805 | 711 | -94 | 868,273 | 884,235 | +15,962 |
| CASELLA WASTE SYSTEMS INC-A COMP | 2,793 | 2,793 | 0 | 265,000 | 280,110 | +15,110 |
| CANADIAN NATL RAILWAY CO COMP | 2,998 | 2,998 | 0 | 282,711 | 297,731 | +15,020 |
| GENESIS ENERGY L.P. COMP | 10,137 | 11,683 | +1,546 | 169,389 | 184,358 | +14,969 |
| BROADCOM INC COMP | 55,666 | 52,526 | -3,140 | 18,364,770 | 18,376,221 | +11,451 |
| SEMRUSH HOLDINGS INC-A COMP | 2,328 | 2,328 | 0 | 16,482 | 27,633 | +11,151 |
| CSX CORP | 11,860 | 11,860 | 0 | 421,149 | 431,941 | +10,792 |
| FIRST INDUSTRIAL REALTY TR | 1,531 | 1,531 | 0 | 78,801 | 89,012 | +10,211 |
| CENTENE CORP COMP | 1,926 | 1,871 | -55 | 68,720 | 77,104 | +8,384 |
| EASTGROUP PROPERTIES INC | 434 | 434 | 0 | 73,459 | 78,771 | +5,312 |
| ZOETIS INC | 2,657 | 3,114 | +457 | 388,772 | 393,641 | +4,869 |
| TERRENO REALTY CORP | 1,332 | 1,332 | 0 | 75,591 | 79,614 | +4,023 |
| ZETA GLOBAL HOLDINGS CORP-A COMP | 4,224 | 4,224 | 0 | 83,931 | 87,859 | +3,928 |
| STAG INDUSTRIAL INC | 1,968 | 1,968 | 0 | 69,451 | 73,249 | +3,798 |
| Q2 HOLDINGS INC COMP | 1,255 | 1,255 | 0 | 90,849 | 92,167 | +1,318 |
| INDEPENDENCE REALTY TRUST IN COMP | 896 | 896 | 0 | 14,685 | 15,922 | +1,237 |
| JAMF HOLDING CORP COMP | 529 | 529 | 0 | 5,660 | 6,877 | +1,217 |
| CAMDEN PROPERTY TRUST | 301 | 301 | 0 | 32,141 | 33,327 | +1,186 |
| SPRINKLR INC-A COMP | 2,770 | 2,770 | 0 | 21,384 | 21,689 | +305 |
| SBA COMMUNICATIONS CORP | 168 | 168 | 0 | 32,483 | 32,720 | +237 |
| EQUITY LIFESTYLE PROPERTIES | 552 | 552 | 0 | 33,506 | 33,661 | +155 |
| MID-AMERICA APARTMENT COMM | 330 | 330 | 0 | 46,111 | 46,170 | +59 |
| UDR INC | 801 | 801 | 0 | 29,845 | 29,629 | -216 |
| ESSEX PROPERTY TRUST INC | 88 | 88 | 0 | 23,554 | 23,225 | -329 |
| EQUITY RESIDENTIAL | 417 | 417 | 0 | 26,992 | 26,480 | -512 |
| NATIONAL STORAGE AFFILIATES COMP | 380 | 380 | 0 | 11,484 | 10,807 | -677 |
| TOAST INC-CLASS A COMP | 3,092 | 3,092 | 0 | 112,889 | 112,209 | -680 |
| SUN COMMUNITIES INC | 211 | 211 | 0 | 27,219 | 26,474 | -745 |
| TOLL BROTHERS INC COMP | 487 | 487 | 0 | 67,274 | 66,524 | -750 |
| DYNATRACE INC COMP | 298 | 298 | 0 | 14,438 | 13,142 | -1,296 |
| EQUINIX INC | 114 | 114 | 0 | 89,289 | 87,747 | -1,542 |
| AVALONBAY COMMUNITIES INC | 189 | 189 | 0 | 36,509 | 34,965 | -1,544 |
| MERITAGE HOMES CORP | 311 | 311 | 0 | 22,526 | 20,647 | -1,879 |
| REXFORD INDUSTRIAL REALTY IN | 1,370 | 1,370 | 0 | 56,321 | 54,430 | -1,891 |
| LGI HOMES INC | 263 | 263 | 0 | 13,600 | 11,406 | -2,194 |
| AMERICAN HOMES 4 RENT- A | 2,282 | 2,282 | 0 | 75,877 | 73,549 | -2,328 |
| CUBESMART COMP | 548 | 548 | 0 | 22,282 | 19,898 | -2,384 |
| VOYA FINANCIAL INC | 1,387 | 1,347 | -40 | 103,748 | 101,025 | -2,723 |
| MICROCHIP TECHNOLOGY INC COMP | 2,015 | 1,957 | -58 | 129,403 | 126,579 | -2,824 |
| TRI POINTE GROUP INC | 1,308 | 1,308 | 0 | 44,433 | 41,555 | -2,878 |
| INVITATION HOMES INC | 2,274 | 2,274 | 0 | 66,696 | 63,581 | -3,115 |
| EXTRA SPACE STORAGE INC COMP | 364 | 364 | 0 | 51,302 | 47,888 | -3,414 |
| MSCI INC COMP | 1,924 | 1,869 | -55 | 1,091,697 | 1,088,225 | -3,472 |
| SYNOPSYS INC COMP | 109 | 106 | -3 | 53,780 | 50,296 | -3,484 |