Clients
Fulcrum Asset Management serves 26 clients, 20 of them pooled investment vehicles. The average client has about $2.66 billion with the firm.
- Investment companies1 clients7%
- Pooled investment vehicles20 clients70%
- Other investment advisers5 clients23%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 1 | $4,667,847,293 | 6.8% | $4.67B |
| Pooled investment vehicles | 20 | $48,442,450,126 | 70.1% | $2.42B |
| Other investment advisers | 5 | $15,975,662,597 | 23.1% | $3.20B |
| Total | 26 | $69,085,960,016 | 100% | $2.66B |
- Clients
- 1
- Regulatory AUM
- $4,667,847,293
- Share
- 6.8%
- Avg. per client
- $4.67B
- Clients
- 20
- Regulatory AUM
- $48,442,450,126
- Share
- 70.1%
- Avg. per client
- $2.42B
- Clients
- 5
- Regulatory AUM
- $15,975,662,597
- Share
- 23.1%
- Avg. per client
- $3.20B
Total
- Clients
- 26
- Regulatory AUM
- $69,085,960,016
- Share
- 100%
- Avg. per client
- $2.66B
What it does
Fulcrum Asset Management provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Fulcrum Asset Management advises 7 private funds.
100.0% of assets ($69.09B across 26 accounts) are managed with discretion. 94% of clients are outside the U.S., and 1 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 103%. The values below are shown as filed.
- Exchange-traded equity securities
- 11%
- Non-exchange-traded equity securities
- 9%
- U.S. government/agency bonds
- 4%
- Sovereign bonds
- 35%
- Derivatives
- 3%
- Cash and cash equivalents
- 13%
- Other (Includes Equity Hedgefund Equity Mutual Fund ETF Commodity)
- 28%
Custodians
Fulcrum Asset Management’s client accounts are held mainly at State Street Bank & Trust, with 0% of managed assets. Fulcrum Asset Management has custody of $9.65B for 26 clients.
- OtherState Street Bank & Trust, All other custodians100%
Ownership and leadership
Gavyn Davies owns 25% to 50% of Fulcrum Asset Management.
- Owns 25% to 50% of Fulcrum Asset Management LLP
Gavyn Davies
Control person · since June 2005
- Owns 10% to 25% of Fulcrum Asset Management LLP
Suhail Shaikh
Control person · since November 2006
- Owns 10% to 25% of Fulcrum Asset Management LLP
Fidante Partners Europe Limited
since November 2025
Leadership
- Duncan HaytonChief Compliance Officer
- Andrew BevanPartner
- Fawaz ChaudhryPartner & Head of Equities
- Piotr ChmielowskiPartner
- Steven CrewePartner
- Joseph DavidsonManaging Partner & COO
- Gavyn DaviesFounder Partner and Executive Chairman
- Juan DiazPartner
- Patrick FordePartner & Head of Trading
- Chris GowerHead of Business Development (pensions & Consultant Relations)
- Oyetola OyeleyePortfolio Management Director
- STROTHER PhilipPartner & Head of Portfolio Engineering
- Emma PickeringParnter and Head of Investor Relations
- Matthew RobertsPartner
- Paul SeatonBusiness Development, Head of U.S
- Suhail ShaikhPartner & Chief Investment Officer
- Jago WestmacottPartner
- Matthew WrightPartner
Staff
- 101 employees
- 39 in advisory functions
- 1 soliciting firm
Reported holdings
Fulcrum Asset Management’s reported 13F holdings total $1.00B across 1,027 positions, and the ten largest make up 22.1% of it.
- $1.00B
- Reported 13F value
- 1,027
- Positions
- 22.1%
- In the 10 largest
- +51.6%
- Value vs. prior quarter
- Nvidia Corp. · Equity4.5%
- Apple Inc. · Equity3.3%
- Micron Technology Inc. Comp · Equity2.4%
- Amazon.com Inc. Comp · Equity2.0%
- Microsoft Corp. Comp · Equity1.8%
- Walmart Inc. · Equity1.8%
- Cardinal Health Inc. Comp · Equity1.7%
- Broadcom Inc. Comp · Equity1.6%
- Alphabet In-cl C · Equity1.6%
- Mckesson Corp. · Equity1.5%
Together, the ten largest are 22.1% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $1.00B is not its $69.09B in regulatory assets and does not represent any individual client's portfolio.
Fees
Fulcrum Asset Management is paid through a percentage of assets under management and performance-based fees.
Fulcrum Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Fulcrum Asset Management has 0 offices, with 1 listed address with no US state reported.
Other business names
Fulcrum Asset Management has reported 2 other business names to the SEC.
- Horizon Global
- Horizon Global Partners
Registration details
- Legal name
- Fulcrum Asset Management LLP
- Headquarters
- Marble Arch House, 66 Seymour Street, London, United Kingdom W1H 5BT
- Phone
- 442070166450
- Website
- www.fulcrumasset.com
- SEC file
- 801-72206
- Structure
- limited liability partnership organized in United Kingdom
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Fulcrum Asset Management have?
Fulcrum Asset Management has 26 clients and manages $69.1 billion for them, as of March 2026. They include 20 pooled investment vehicles, 5 other investment advisers and 1 investment companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Fulcrum Asset Management offer?
Fulcrum Asset Management provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Fulcrum Asset Management use?
Fulcrum Asset Management’s separately managed account assets are held at State Street Bank & Trust Company (Boston, MA), with $243,484,514. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Fulcrum Asset Management have?
Fulcrum Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 101 employees, and 39 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Fulcrum Asset Management invest in?
At the end of its last fiscal year, Fulcrum Asset Management’s separately managed accounts held 35% sovereign bonds, 28% includes equity hedgefund equity mutual fund etf commodity, 13% cash and equivalents, 11% exchange-traded equities, 9% non-exchange-traded equities, 4% U.S. government and agency bonds and 3% derivatives. It advises 7 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Fulcrum Asset Management?
Fulcrum Asset Management’s direct owners are Gavyn Davies, Suhail Shaikh and Fidante Partners Europe Limited, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Fulcrum Asset Management get paid?
Fulcrum Asset Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file