# EDGAR Filing Document

**Accession Number:** 0001724090
**File Stem:** 0001724090-23-000001
**Filing Date:** 2023-1
**Character Count:** 13287
**Document Hash:** 2bce8b2ba53b505e846e6f303cc248da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001724090-23-000001.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001724090-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**EFFECTIVENESS DATE**: 20230124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fulcrum Capital LLC
- **CENTRAL INDEX KEY:** 0001724090
- **IRS NUMBER:** 261277028
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18230
- **FILM NUMBER:** 23546719

**BUSINESS ADDRESS:**
- **STREET 1:** 1111 THIRD AVE
- **STREET 2:** SUITE 1880
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101
- **BUSINESS PHONE:** 2062239790

**MAIL ADDRESS:**
- **STREET 1:** 1111 THIRD AVE
- **STREET 2:** SUITE 1880
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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 Capital LLC<br>**Address:** 1111 THIRD AVE<br>SUITE 1880<br>SEATTLE, WA 98101

**Form 13F File Number:** 028-18230

**CRD Number (if applicable):** 000145322

**SEC File Number (if applicable):** 801-68459

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:** Matthew Wilkins<br>**Title:** Chief Compliance Officer<br>**Phone:** 206 223-9790

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

Matthew Wilkins  Seattle, WA  01-24-2023<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:** 101

**Form 13F Information Table Value Total:** $346044692

      (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 |
| LINDE PLC | SHS | G5494J103 |  | 5393512 | 16535 | SH |  | SOLE |  | 16535 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 217616 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 8971289 | 53372 | SH |  | SOLE |  | 53372 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 1064034 | 36997 | SH |  | SOLE |  | 36997 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 5894057 | 53685 | SH |  | SOLE |  | 53685 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 245162 | 1517 | SH |  | SOLE |  | 1517 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 11207795 | 33304 | SH |  | SOLE |  | 33304 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 1330357 | 6308 | SH |  | SOLE |  | 6308 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1367152 | 15408 | SH |  | SOLE |  | 15408 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 11008898 | 124775 | SH |  | SOLE |  | 124775 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 7735896 | 92094 | SH |  | SOLE |  | 92094 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 251175 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 391941 | 1850 | SH |  | SOLE |  | 1850 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 909947 | 5970 | SH |  | SOLE |  | 5970 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 3280111 | 12489 | SH |  | SOLE |  | 12489 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 19011445 | 146321 | SH |  | SOLE |  | 146321 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 459487 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| BALL CORP | COM | 058498106 |  | 357980 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 1175674 | 23066 | SH |  | SOLE |  | 23066 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 330590 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 894266 | 2895 | SH |  | SOLE |  | 2895 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 4987241 | 62177 | SH |  | SOLE |  | 62177 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 5516661 | 7785 | SH |  | SOLE |  | 7785 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 6585283 | 39161 | SH |  | SOLE |  | 39161 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 372760 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 510367 | 10713 | SH |  | SOLE |  | 10713 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 403180 | 8914 | SH |  | SOLE |  | 8914 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 432802 | 6804 | SH |  | SOLE |  | 6804 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 781985 | 1713 | SH |  | SOLE |  | 1713 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 5996602 | 67272 | SH |  | SOLE |  | 67272 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 4710642 | 36370 | SH |  | SOLE |  | 36370 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 1644246 | 11296 | SH |  | SOLE |  | 11296 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 6693188 | 89709 | SH |  | SOLE |  | 89709 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 5499928 | 45015 | SH |  | SOLE |  | 45015 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 298313 | 6250 | SH |  | SOLE |  | 6250 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 315722 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 5958047 | 39776 | SH |  | SOLE |  | 39776 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 7003939 | 30245 | SH |  | SOLE |  | 30245 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 680678 | 2155 | SH |  | SOLE |  | 2155 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 3125383 | 6102 | SH |  | SOLE |  | 6102 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 5346715 | 13737 | SH |  | SOLE |  | 13737 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 10667838 | 27766 | SH |  | SOLE |  | 27766 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 2322323 | 61275 | SH |  | SOLE |  | 61275 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 1853998 | 27487 | SH |  | SOLE |  | 27487 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 201468 | 957 | SH |  | SOLE |  | 957 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 3165337 | 51352 | SH |  | SOLE |  | 51352 | 0 | 0 |
| ISHARES INC | ESG AWR MSCI EM | 46434G863 |  | 847463 | 28183 | SH |  | SOLE |  | 28183 | 0 | 0 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 2146871 | 32657 | SH |  | SOLE |  | 32657 | 0 | 0 |
| ISHARES TR | ESG SCRD S MID | 46436E551 |  | 1126907 | 34354 | SH |  | SOLE |  | 34354 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 7983713 | 59536 | SH |  | SOLE |  | 59536 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 637530 | 3609 | SH |  | SOLE |  | 3609 | 0 | 0 |
| KNOW LABS INC | COM NEW | 499238103 |  | 370926 | 231829 | SH |  | SOLE |  | 231829 | 0 | 0 |
| LTC PPTYS INC | COM | 502175102 |  | 241604 | 6800 | SH |  | SOLE |  | 6800 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 371653 | 3937 | SH |  | SOLE |  | 3937 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 297780 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 11155711 | 32082 | SH |  | SOLE |  | 32082 | 0 | 0 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 190494 | 17100 | SH |  | SOLE |  | 17100 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 22688012 | 94604 | SH |  | SOLE |  | 94604 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 5323469 | 18053 | SH |  | SOLE |  | 18053 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 8495645 | 58134 | SH |  | SOLE |  | 58134 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 244710 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| OMEGA HEALTHCARE INVS INC | COM | 681936100 |  | 223600 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 390239 | 3943 | SH |  | SOLE |  | 3943 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 464145 | 1595 | SH |  | SOLE |  | 1595 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 4616908 | 64826 | SH |  | SOLE |  | 64826 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 9147927 | 50636 | SH |  | SOLE |  | 50636 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 |  | 4111705 | 18003 | SH |  | SOLE |  | 18003 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 504240 | 3327 | SH |  | SOLE |  | 3327 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 417772 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 382959 | 1840 | SH |  | SOLE |  | 1840 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 7588401 | 22656 | SH |  | SOLE |  | 22656 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 355660 | 930 | SH |  | SOLE |  | 930 | 0 | 0 |
| SPDR SER TR | S DIVID ETF | 78464A763 |  | 562995 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 3973957 | 47879 | SH |  | SOLE |  | 47879 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 760270 | 1717 | SH |  | SOLE |  | 1717 | 0 | 0 |
| SPDR INDEX SHS FDS | MSCI EAFE FS ETF | 78470E106 |  | 287574 | 4228 | SH |  | SOLE |  | 4228 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 276981 | 2089 | SH |  | SOLE |  | 2089 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 333040 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 598655 | 7925 | SH |  | SOLE |  | 7925 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1278620 | 9412 | SH |  | SOLE |  | 9412 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 321479 | 2489 | SH |  | SOLE |  | 2489 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 222125 | 1785 | SH |  | SOLE |  | 1785 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 682538 | 148056 | SH |  | SOLE |  | 148056 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 536573 | 5409 | SH |  | SOLE |  | 5409 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 497000 | 3550 | SH |  | SOLE |  | 3550 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 2184844 | 17737 | SH |  | SOLE |  | 17737 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 222420 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 7729805 | 16479 | SH |  | SOLE |  | 16479 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 7456543 | 14064 | SH |  | SOLE |  | 14064 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1164881 | 10765 | SH |  | SOLE |  | 10765 | 0 | 0 |
| VANGUARD WORLD FDS | CONSUM STP ETF | 92204A207 |  | 463599 | 2420 | SH |  | SOLE |  | 2420 | 0 | 0 |
| VANGUARD WORLD FDS | UTILITIES ETF | 92204A876 |  | 314388 | 2050 | SH |  | SOLE |  | 2050 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 29095881 | 142760 | SH |  | SOLE |  | 142760 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 336112 | 1758 | SH |  | SOLE |  | 1758 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 1798728 | 45653 | SH |  | SOLE |  | 45653 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 3936360 | 13631 | SH |  | SOLE |  | 13631 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1046279 | 5036 | SH |  | SOLE |  | 5036 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 8587894 | 54742 | SH |  | SOLE |  | 54742 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 718887 | 10967 | SH |  | SOLE |  | 10967 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 6603684 | 59724 | SH |  | SOLE |  | 59724 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 7153506 | 48813 | SH |  | SOLE |  | 48813 | 0 | 0 |

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