FULCRUM WEALTH ADVISORS, LLC

BELLEVUE, WA · CIK 2108790 · 13F filing filed 2026-07-21

SEC-registered investment adviser since 2024 · limited liability company

Assets managed$208.0m
Staff3 · 2 in investment roles
Main clients (by assets)High net worth individuals 84%, Individuals 16%
Form ADV · 2026-07-30SEC adviser record

$130.9m reported value +8.4% vs Q1 2026

81positions

50.0%in top 10

20 new 28 added 25 reduced 10 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ETFS GOLD TR PHYSCL GOLD SHS SGOL	SGOL	267,965	$10.2m7.83%	7.83%	Reduced -32.9k	-32,898 -10.9%
2	MICROSOFT CORP COM MSFT	MSFT	22,471	$8.4m6.40%	6.40%	Added +1.6k	+1,642 7.9%
3	SPROTT PHYSICAL GOLD TR UNIT PHYS	PHYS	249,961	$7.5m5.76%	5.76%	Reduced -91.2k	-91,191 -26.7%
4	NVIDIA CORPORATION COM NVDA	NVDA	36,268	$7.3m5.54%	5.54%	Added +2.7k	+2,713 8.1%
5	APPLE INC COM AAPL	AAPL	25,019	$7.2m5.53%	5.53%	Added +6.5k	+6,480 35.0%
6	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	65,590	$5.8m4.44%	4.44%	Reduced -18.6k	-18,558 -22.1%
7	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	7,895	$5.4m4.14%	4.14%	Reduced -94	-94 -1.2%
8	AMAZON COM INC COM AMZN	AMZN	22,542	$5.4m4.10%	4.10%	Added +621	+621 2.8%
9	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	9,533	$4.6m3.48%	3.48%	Reduced -629	-629 -6.2%
10	ALPHABET INC CAP STK CL C GOOG	GOOG	10,431	$3.7m2.82%	2.82%	Reduced -916	-916 -8.1%
11	GE AEROSPACE COM NEW GE	GE	9,252	$3.5m2.64%	2.64%	Added +820	+820 9.7%
12	SCHWAB STRATEGIC TR GOVERNMENT MONEY SGVT	SGVT	31,257	$3.1m2.41%	2.41%	New
13	BROADCOM INC COM AVGO	AVGO	8,259	$3.1m2.38%	2.38%	Reduced -899	-899 -9.8%
14	MITSUBISHI UFJ FINL GROUP IN SPONSORED ADS MUFG	MUFG	154,380	$3.1m2.35%	2.35%	Reduced -3.3k	-3,281 -2.1%
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	5,974	$3.0m2.28%	2.28%	Added +860	+860 16.8%
16	MCKESSON CORP COM MCK	MCK	3,933	$3.0m2.27%	2.27%	Added +1.8k	+1,764 81.3%
17	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	10,462	$2.9m2.25%	2.25%	Reduced -3.0k	-3,007 -22.3%
18	PFIZER INC COM PFE	PFE	106,609	$2.6m1.96%	1.96%	New
19	ALPHABET INC CAP STK CL A GOOGL	GOOGL	7,102	$2.5m1.94%	1.94%	Added +620	+620 9.6%
20	ASTRAZENECA PLC ORD AZN	AZN	13,245	$2.5m1.92%	1.92%	Added +211	+211 1.6%
21	ISHARES TR GLOBAL TECH ETF IXN	IXN	15,564	$2.2m1.72%	1.72%	New
22	WALMART INC COM WMT	WMT	17,632	$2.0m1.53%	1.53%	Added +11.6k	+11,563 190.5%
23	CUMMINS INC COM CMI	CMI	2,285	$1.6m1.25%	1.25%	Reduced -4.2k	-4,245 -65.0%
24	NETFLIX INC COM NFLX	NFLX	22,151	$1.6m1.21%	1.21%	Reduced -10.5k	-10,513 -32.2%
25	JANUS DETROIT STR TR HENDRSON AAA CL JAAA	JAAA	27,451	$1.4m1.06%	1.06%	Reduced -571	-571 -2.0%
26	HONEYWELL INTL INC COM HON	HON	5,765	$1.3m0.99%	0.99%	New
27	HONEYWELL AEROSPACE INC COM HONA	HONA	5,765	$1.3m0.97%	0.97%	New
28	TESLA INC COM TSLA	TSLA	2,682	$1.1m0.86%	0.86%	Added +47	+47 1.8%
29	SELLAS LIFE SCIENCES GROUP I COM NEW SLS	SLS	73,253	$1.1m0.83%	0.83%	Reduced -36.0k	-35,998 -33.0%
30	COSTCO WHSL CORP NEW COM COST	COST	1,129	$1.1m0.81%	0.81%	Added +243	+243 27.4%
31	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	6,070	$1.0m0.79%	0.79%	New
32	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,655	$961.4k0.73%	0.73%	Added +55	+55 3.4%
33	BOEING CO COM BA	BA	3,968	$859.0k0.66%	0.66%	Added +25	+25 0.6%
34	VANGUARD INDEX FDS SMALL CP ETF VB	VB	2,563	$776.9k0.59%	0.59%	Reduced -76	-76 -2.9%
35	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	8,967	$766.5k0.59%	0.59%	Added +4.8k	+4,765 113.4%
36	ORACLE CORP COM ORCL	ORCL	4,749	$696.0k0.53%	0.53%	Added +2.0k	+1,971 71.0%
37	CISCO SYS INC COM CSCO	CSCO	5,923	$695.7k0.53%	0.53%	Reduced -457	-457 -7.2%
38	WISDOMTREE TR EUROPE HEDGED EQ HEDJ	HEDJ	11,669	$665.1k0.51%	0.51%	Reduced -206	-206 -1.7%
39	CALAMOS ETF TR AUTOCALLABLE INC CAIE	CAIE	23,881	$649.8k0.50%	0.50%	Reduced -482	-482 -2.0%
40	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	811	$597.2k0.46%	0.46%	Added +225	+225 38.4%
41	VISA INC COM CL A V	V	1,680	$576.3k0.44%	0.44%	Added +493	+493 41.5%
42	JOHNSON & JOHNSON COM JNJ	JNJ	2,076	$527.2k0.40%	0.40%	Unchanged
43	FASTENAL CO COM FAST	FAST	10,972	$527.0k0.40%	0.40%	Added +39	+39 0.4%
44	ABBVIE INC COM ABBV	ABBV	2,021	$508.6k0.39%	0.39%	Unchanged
45	VANGUARD INDEX FDS MID CAP ETF VO	VO	6,174	$497.4k0.38%	0.38%	Reduced -78	-78 -1.2%
46	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	24,824	$474.6k0.36%	0.36%	Reduced -215	-215 -0.9%
47	J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM JEPQ	JEPQ	7,595	$466.8k0.36%	0.36%	Added +1.6k	+1,606 26.8%
48	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		13,405	$454.2k0.35%	0.35%	Unchanged
49	BOOKING HOLDINGS INC COM BKNG	BKNG	2,500	$445.6k0.34%	0.34%	Unchanged
50	ISHARES TR GLOB INDSTRL ETF EXI	EXI	2,147	$430.5k0.33%	0.33%	New
51	META PLATFORMS INC CL A META	META	739	$416.3k0.32%	0.32%	Added +31	+31 4.4%
52	JANUS DETROIT STR TR B-BBB CLO ETF JBBB	JBBB	8,659	$410.0k0.31%	0.31%	Reduced -232	-232 -2.6%
53	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	544	$406.2k0.31%	0.31%	Reduced -2	-2 -0.4%
54	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	14,384	$398.4k0.30%	0.30%	Added +226	+226 1.6%
55	JPMORGAN CHASE & CO COM JPM	JPM	1,204	$394.1k0.30%	0.30%	Added +320	+320 36.2%
56	SCHWAB STRATEGIC TR 1000 INDEX ETF SCHK	SCHK	10,862	$391.7k0.30%	0.30%	Unchanged
57	SNOWFLAKE INC CL A SNOW	SNOW	1,455	$370.3k0.28%	0.28%	Reduced -300	-300 -17.1%
58	RTX CORPORATION COM RTX	RTX	1,831	$347.3k0.27%	0.27%	Added +380	+380 26.2%
59	UNUM GROUP COM UNM	UNM	3,859	$345.0k0.26%	0.26%	Reduced -21.3k	-21,338 -84.7%
60	SCHWAB CHARLES CORP COM SCHW	SCHW	3,616	$333.7k0.25%	0.25%	Added +11	+11 0.3%
61	ELI LILLY & CO COM LLY	LLY	248	$297.6k0.23%	0.23%	New
62	WISDOMTREE TR JAPN HEDGE EQT DXJ	DXJ	1,700	$295.0k0.23%	0.23%	Unchanged
63	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	1,619	$289.1k0.22%	0.22%	Unchanged
64	GOLDMAN SACHS GROUP INC COM GS	GS	270	$273.1k0.21%	0.21%	New
65	ROYAL GOLD INC COM RGLD	RGLD	1,355	$270.5k0.21%	0.21%	Added +2	+2 0.1%
66	PALOMAR HLDGS INC COM PLMR	PLMR	2,138	$270.2k0.21%	0.21%	New
67	VAIL RESORTS INC COM MTN	MTN	1,937	$263.7k0.20%	0.20%	Added +32	+32 1.7%
68	ALPINE INCOME PPTY TR INC COM PINE	PINE	12,604	$261.7k0.20%	0.20%	New
69	ISHARES TR GLOB HLTHCRE ETF IXJ	IXJ	2,610	$256.8k0.20%	0.20%	New
70	FACTSET RESH SYS INC COM FDS	FDS	1,105	$254.1k0.19%	0.19%	New
71	ISHARES TR GLB CNS DISC ETF RXI	RXI	1,289	$248.7k0.19%	0.19%	New
72	STARBUCKS CORP COM SBUX	SBUX	2,395	$244.8k0.19%	0.19%	New
73	ADDUS HOMECARE CORP COM ADUS	ADUS	2,334	$234.5k0.18%	0.18%	Unchanged
74	SPROTT PHYSICAL SILVER TR TR UNIT PSLV	PSLV	11,916	$224.9k0.17%	0.17%	Reduced -40.9k	-40,891 -77.4%
75	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	7,028	$222.9k0.17%	0.17%	New
76	GOLDMAN SACHS ETF TR ACCES TREASURY GBIL	GBIL	2,203	$220.7k0.17%	0.17%	Reduced -36	-36 -1.6%
77	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	898	$212.5k0.16%	0.16%	New
78	ALASKA AIR GROUP INC COM ALK	ALK	3,996	$208.6k0.16%	0.16%	New
79	MEDTRONIC PLC SHS MDT	MDT	2,640	$206.5k0.16%	0.16%	New
80	UNIVERSAL DISPLAY CORP COM OLED	OLED	2,338	$202.4k0.15%	0.15%	Added +14	+14 0.6%
81	MICROVISION INC DEL COM NEW COM NEW		10,000	$3.3k0.00%	0.00%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		5,036	$2.3m5.0k shares
HUNTINGTON INGALLS INDS INC HII	HII	5,660	$2.2m5.7k shares
POWELL INDS INC POWL	POWL	2,430	$438.3k2.4k shares
CHEVRON CORP NEW CVX	CVX	1,867	$386.3k1.9k shares
SOLSTICE ADVANCED MATLS INC SOLS	SOLS	4,124	$314.1k4.1k shares
CATALYST PHARMACEUTICALS INC CPRX	CPRX	10,938	$270.8k10.9k shares
GE HEALTHCARE TECHNOLOGIES I GEHC	GEHC	3,699	$263.3k3.7k shares
AGNICO EAGLE MINES LTD AEM	AEM	1,024	$207.9k1.0k shares
BLUE OWL CAPITAL CORPORATION OBDC	OBDC	10,351	$114.5k10.4k shares
QUANTUM EMOTION CORP QNC	QNC	12,000	$27.5k12.0k shares