# EDGAR Filing Document

**Accession Number:** 0002108790
**File Stem:** 0002108790-26-000001
**Filing Date:** 2026-2
**Character Count:** 10648
**Document Hash:** 09442e35f056f66773da4dabd872e3ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002108790-26-000001.hdr.sgml**: 20260202

**ACCESSION NUMBER**: 0002108790-26-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260202

**DATE AS OF CHANGE**: 20260202

**EFFECTIVENESS DATE**: 20260202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FULCRUM WEALTH ADVISORS, LLC
- **CENTRAL INDEX KEY:** 0002108790

**ORGANIZATION NAME:**
- **EIN:** 463954468
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-26047
- **FILM NUMBER:** 26587895

**BUSINESS ADDRESS:**
- **STREET 1:** 10940 NE 33RD PLACE
- **STREET 2:** SUITE 210
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98004
- **BUSINESS PHONE:** 425-250-6280

**MAIL ADDRESS:**
- **STREET 1:** 10940 NE 33RD PLACE
- **STREET 2:** SUITE 210
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98004

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** FULCRUM WEALTH ADVISORS LLC<br>**Address:** 10940 NE 33RD PLACE<br>SUITE 210<br>BELLEVUE, WA 98004

**Form 13F File Number:** 028-26047

**CRD Number (if applicable):** 000169277

**SEC File Number (if applicable):** 801-130305

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** James Falcone<br>**Title:** Owner CCO<br>**Phone:** 425-250-6280

**Signature, Place, and Date of Signing:**

James Falcone  Bellevue, WA  02-02-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 70

**Form 13F Information Table Value Total:** $121556677

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 473203 | 2071 | SH |  | SOLE |  | 0 | 0 | 2071 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 353364 | 1650 | SH |  | SOLE |  | 0 | 0 | 1650 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4585559 | 14613 | SH |  | SOLE |  | 0 | 0 | 14613 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2030744 | 6488 | SH |  | SOLE |  | 0 | 0 | 6488 |
| AMAZON COM INC | COM | 023135106 |  | 5119126 | 22178 | SH |  | SOLE |  | 0 | 0 | 22178 |
| APPLE INC | COM | 037833100 |  | 2753011 | 10127 | SH |  | SOLE |  | 0 | 0 | 10127 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2700236 | 5372 | SH |  | SOLE |  | 0 | 0 | 5372 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 589804 | 47450 | SH |  | SOLE |  | 0 | 0 | 47450 |
| BOEING CO | COM | 097023105 |  | 861532 | 3968 | SH |  | SOLE |  | 0 | 0 | 3968 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 535533 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| BROADCOM INC | COM | 11135F101 |  | 3315984 | 9581 | SH |  | SOLE |  | 0 | 0 | 9581 |
| CATALYST PHARMACEUTICALS INC | COM | 14888U101 |  | 255293 | 10938 | SH |  | SOLE |  | 0 | 0 | 10938 |
| CHEVRON CORP NEW | COM | 166764100 |  | 350238 | 2298 | SH |  | SOLE |  | 0 | 0 | 2298 |
| CISCO SYS INC | COM | 17275R102 |  | 491451 | 6380 | SH |  | SOLE |  | 0 | 0 | 6380 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 229796 | 3209 | SH |  | SOLE |  | 0 | 0 | 3209 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 764033 | 886 | SH |  | SOLE |  | 0 | 0 | 886 |
| CUMMINS INC | COM | 231021106 |  | 4465927 | 8749 | SH |  | SOLE |  | 0 | 0 | 8749 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 397970 | 24134 | SH |  | SOLE |  | 0 | 0 | 24134 |
| ETFS GOLD TR | PHYSCL GOLD SHS | 00326A104 |  | 11599677 | 282368 | SH |  | SOLE |  | 0 | 0 | 282368 |
| FASTENAL CO | COM | 311900104 |  | 437226 | 10895 | SH |  | SOLE |  | 0 | 0 | 10895 |
| GE AEROSPACE | COM NEW | 369604301 |  | 3297153 | 10704 | SH |  | SOLE |  | 0 | 0 | 10704 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 367368 | 4479 | SH |  | SOLE |  | 0 | 0 | 4479 |
| GENERAL MTRS CO | COM | 37045V100 |  | 207366 | 2550 | SH |  | SOLE |  | 0 | 0 | 2550 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 212972 | 2131 | SH |  | SOLE |  | 0 | 0 | 2131 |
| HONEYWELL INTL INC | COM | 438516106 |  | 2504175 | 12836 | SH |  | SOLE |  | 0 | 0 | 12836 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 3757424 | 12685 | SH |  | SOLE |  | 0 | 0 | 12685 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 359986 | 586 | SH |  | SOLE |  | 0 | 0 | 586 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 1429272 | 28258 | SH |  | SOLE |  | 0 | 0 | 28258 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 |  | 265667 | 5570 | SH |  | SOLE |  | 0 | 0 | 5570 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 429628 | 2076 | SH |  | SOLE |  | 0 | 0 | 2076 |
| MCKESSON CORP | COM | 58155Q103 |  | 2686450 | 3275 | SH |  | SOLE |  | 0 | 0 | 3275 |
| META PLATFORMS INC | CL A | 30303M102 |  | 467344 | 708 | SH |  | SOLE |  | 0 | 0 | 708 |
| MICROSOFT CORP | COM | 594918104 |  | 9259988 | 19147 | SH |  | SOLE |  | 0 | 0 | 19147 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 3047911 | 192176 | SH |  | SOLE |  | 0 | 0 | 192176 |
| MIZUHO FINANCIAL GROUP INC | SPONSORED ADR | 60687Y109 |  | 109800 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| NETFLIX INC | COM | 64110L106 |  | 1981524 | 21134 | SH |  | SOLE |  | 0 | 0 | 21134 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 |  | 328738 | 1619 | SH |  | SOLE |  | 0 | 0 | 1619 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6589978 | 35335 | SH |  | SOLE |  | 0 | 0 | 35335 |
| ORACLE CORP | COM | 68389X105 |  | 755471 | 3876 | SH |  | SOLE |  | 0 | 0 | 3876 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 215714 | 3695 | SH |  | SOLE |  | 0 | 0 | 3695 |
| POWELL INDS INC | COM | 739128106 |  | 258079 | 810 | SH |  | SOLE |  | 0 | 0 | 810 |
| RELIANCE INC | COM | 759509102 |  | 2528768 | 8754 | SH |  | SOLE |  | 0 | 0 | 8754 |
| ROYAL GOLD INC | COM | 780287108 |  | 300105 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| RTX CORPORATION | COM | 75513E101 |  | 266041 | 1451 | SH |  | SOLE |  | 0 | 0 | 1451 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 359170 | 3595 | SH |  | SOLE |  | 0 | 0 | 3595 |
| SCHWAB STRATEGIC TR | 1000 INDEX ETF | 808524722 |  | 356274 | 10862 | SH |  | SOLE |  | 0 | 0 | 10862 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 340347 | 14158 | SH |  | SOLE |  | 0 | 0 | 14158 |
| SELLAS LIFE SCIENCES GROUP I | COM NEW | 81642T209 |  | 3770 | 1000 | SH | Call | SOLE |  | 0 | 0 | 1000 |
| SELLAS LIFE SCIENCES GROUP I | COM NEW | 81642T209 |  | 35815 | 9500 | SH | Call | SOLE |  | 0 | 0 | 9500 |
| SELLAS LIFE SCIENCES GROUP I | COM NEW | 81642T209 |  | 7540 | 2000 | SH | Call | SOLE |  | 0 | 0 | 2000 |
| SELLAS LIFE SCIENCES GROUP I | COM NEW | 81642T209 |  | 183463 | 48664 | SH |  | SOLE |  | 0 | 0 | 48664 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 406913 | 1855 | SH |  | SOLE |  | 0 | 0 | 1855 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 531682 | 780 | SH |  | SOLE |  | 0 | 0 | 780 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 11383315 | 344740 | SH |  | SOLE |  | 0 | 0 | 344740 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL SILVER | 85207K107 |  | 1292260 | 54641 | SH |  | SOLE |  | 0 | 0 | 54641 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 3624192 | 11926 | SH |  | SOLE |  | 0 | 0 | 11926 |
| TESLA INC | COM | 88160R101 |  | 1183663 | 2632 | SH |  | SOLE |  | 0 | 0 | 2632 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 436940 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2432581 | 7369 | SH |  | SOLE |  | 0 | 0 | 7369 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 269917 | 2311 | SH |  | SOLE |  | 0 | 0 | 2311 |
| UNUM GROUP | COM | 91529Y106 |  | 2365688 | 30525 | SH |  | SOLE |  | 0 | 0 | 30525 |
| VAIL RESORTS INC | COM | 91879Q109 |  | 248938 | 1875 | SH |  | SOLE |  | 0 | 0 | 1875 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 6110755 | 9744 | SH |  | SOLE |  | 0 | 0 | 9744 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 629777 | 2170 | SH |  | SOLE |  | 0 | 0 | 2170 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 549176 | 2129 | SH |  | SOLE |  | 0 | 0 | 2129 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 3193484 | 38195 | SH |  | SOLE |  | 0 | 0 | 38195 |
| VISA INC | COM CL A | 92826C839 |  | 422961 | 1206 | SH |  | SOLE |  | 0 | 0 | 1206 |
| WALMART INC | COM | 931142103 |  | 647404 | 5811 | SH |  | SOLE |  | 0 | 0 | 5811 |
| WISDOMTREE TR | EUROPE HEDGED EQ | 97717X701 |  | 358951 | 6765 | SH |  | SOLE |  | 0 | 0 | 6765 |
| WISDOMTREE TR | JAPN HEDGE EQT | 97717W851 |  | 245072 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |

---