Fulcrum Asset Management Q2 Portfolio Changes: Key Buys & Sells

As of June 30th, 2026, Fulcrum Asset Management Ltd. has reported changes to its portfolio holdings for the quarter ending May 31st, 2026. This filing provides valuable insight into the investment strategy and recent activity undertaken by this institutional investor.

The portfolio exhibits considerable turnover, with a holding count of 1005 stocks as of the latest reporting date (June 30th). The top five holdings account for only 14% of the total value, indicating diversification across numerous sectors and companies. This quarter's activity involved both strategic additions to existing positions and reductions in others.

Significant Purchases: Fulcrum Asset Management demonstrated strong buying interest during Q2 2026. The most notable purchase was a full increase (+100%) of shares in Apple Inc (AAPL), suggesting renewed confidence or alignment with the company's strategy. Another significant buy involved increasing holdings by nearly 8,794% in Halliburton Co (HAL). Additionally, there were substantial acquisitions of other companies including Cardinal Health Inc, Immunocore Holdings PLC-ADR (IMCR), and McKesson Corp.

Significant Sales: On the sell side, Fulcrum Asset Management reduced its stake in several major holdings. The largest reduction was observed in Schlumberger Ltd (SLB), with a nearly 53% decrease in shares during the quarter. Other notable sales included substantial reductions in JPMorgan Chase & Co (-81%), NextEra Energy Inc (NEE) (-79.65%), and Blackstone Group Ltd (BLK) (-81%). These actions reflect a deliberate strategy to rebalance the portfolio.

The overall portfolio allocation remains diversified, with Technology being the largest sector at 24.83%, followed by Industrials and Energy. However, specific changes within these sectors are evident from the data provided in this filing for Q2 2026.