Bernicke Wealth Management, Ltd.
Sector Allocation
- Other75.9%$653.5M
- Financials11.3%$97.4M
- Technology6.4%$55.3M
- Healthcare1.6%$13.5M
- Industrials1.5%$13.1M
- Consumer Discretionary1.4%$12.5M
- Consumer Staples0.7%$6.2M
- Energy0.5%$4.0M
- Materials0.2%$2.0M
- Utilities0.2%$1.7M
AUM History
13fpro.ai/research/fund/bernicke-wealth-management-ltd-1569863
Conviction and streaks
Stable · top 10 = 81.8%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- DIMENSIONAL$162.2M
- VANGUARD$149.5M
- DIMENSIONAL$83.0M
IVZ
$81.8M- ISHARES$76.1M
- DIMENSIONAL$68.6M
- J$29.7M
- ISHARES$22.7M
- ISHARES$20.3M
NVDA
$11.0MAAPL
$10.9MGOOGL
$10.5MDOV
$8.4MMSFT
$6.4MAMZN
$6.3MLLY
$5.1M- DIMENSIONAL$4.9M
- VANGUARD$4.8M
- VANECK$4.5M
AMD
$4.1M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/bernicke-wealth-management-ltd-1569863
Bernicke Wealth Management, Ltd. 13F holdings — Q2 2026
$861.3M portfolio (+11.3% QoQ) · 111 holdings · Q2 2026 13F · top 10 are 82% of the stock portfolio
- 1
DIMENSIONAL ETF TRUST - US COR EQU 1 ETF
$162.2M
18.8% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
VANGUARD SCOTTSDALE FDS - INT-TERM CORP
$149.5M
17.4% of stocks
+5%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
DIMENSIONAL ETF TRUST - INTL CORE EQUITY
$83.0M
9.6% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— $81.8M
9.5% of stocks
+3%This quarter-9.0%Since filed3+ qtrsHeld- 5
ISHARES TR - MSCI ACWI ETF
$76.1M
8.8% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
DIMENSIONAL ETF TRUST - US SMALL CAP ETF
$68.6M
8.0% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
J P MORGAN EXCHANGE TRADED F - BET USD HIG ETF
$29.7M
3.5% of stocks
+5%This quarter—Since filed—HeldAIQuality—Est. buy— - 8
ISHARES TR - NATIONAL MUN ETF
$22.7M
2.6% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy— - 9
ISHARES TR - JPMORGAN USD EMG
$20.3M
2.4% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy— $11.0M
1.3% of stocks
+1%This quarter-0.7%Since filed3+ qtrsHeld
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | DIMENSIONAL ETF TRUST - US COR EQU 1 ETF | $162.2M | 18.8% | +1% | — | — | — | — | |
| 2 | VANGUARD SCOTTSDALE FDS - INT-TERM CORP | $149.5M | 17.4% | +5% | — | — | — | — | |
| 3 | DIMENSIONAL ETF TRUST - INTL CORE EQUITY | $83.0M | 9.6% | +1% | — | — | — | — | |
| 4 | $81.8M | 9.5% | +3% | -9.0% | 3+ qtrs | — | Estimated buy price is Pro: unlock with a free trial | ||
| 5 | ISHARES TR - MSCI ACWI ETF | $76.1M | 8.8% | +1% | — | — | — | — | |
| 6 | DIMENSIONAL ETF TRUST - US SMALL CAP ETF | $68.6M | 8.0% | +2% | — | — | — | — | |
| 7 | J P MORGAN EXCHANGE TRADED F - BET USD HIG ETF | $29.7M | 3.5% | +5% | — | — | — | — | |
| 8 | ISHARES TR - NATIONAL MUN ETF | $22.7M | 2.6% | +4% | — | — | — | — | |
| 9 | ISHARES TR - JPMORGAN USD EMG | $20.3M | 2.4% | +4% | — | — | — | — | |
| 10 | $11.0M | 1.3% | +1% | -0.7% | 3+ qtrs | 86.0#3 | Estimated buy price is Pro: unlock with a free trial |
All holdings — Bernicke Wealth Management, Ltd. (Q2 2026)
111 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Apple Inc. | Technology | $10.9M | 1.3% | 38K | -1% | 3+ qtrsTrimmed 2 qtrs in a row | 75.7 | 13F | |
| 12 | Alphabet Inc. | Technology | $10.5M | 1.2% | 29K | +0.9% | 3+ qtrs | 77.7 | 13F | |
| 13 | DOVER Corpetf/fund | Industrials | $8.4M | 1.0% | 54K | -0.6% | 3+ qtrs | 59.5 | 13F | |
| 14 | MICROSOFT CORP | Technology | $6.4M | 0.7% | 17K | -7% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | AMAZON COM INC | Consumer Discretionary | $6.3M | 0.7% | 27K | +3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | ELI LILLY & Co | Healthcare | $5.1M | 0.6% | 4,293 | -2% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | — | DIMENSIONAL ETF TRUST - US COR EQU 2 ETFetf/fund | — | $4.9M | 0.6% | 110K | -1% | — | — | 13F |
| 18 | — | VANGUARD INDEX FDS - TOTAL STK MKTetf/fund | — | $4.8M | 0.6% | 13K | +2% | — | — | 13F |
| 19 | — | VANECK ETF TRUST - HIGH YLD MUNIETFetf/fund | — | $4.5M | 0.5% | 87K | +2% | — | — | 13F |
| 20 | ADVANCED MICRO DEVICES INC | Technology | $4.1M | 0.5% | 7,072 | -3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Broadcom Inc. | Technology | $4.0M | 0.5% | 10K | +2% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | JPMORGAN CHASE & CO | Financials | $3.5M | 0.4% | 11K | -1% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | BERKSHIRE HATHAWAY INC | Financials | $3.3M | 0.4% | 6,527 | -2% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | — | VANGUARD INDEX FDS - GROWTH ETFetf/fund | — | $3.1M | 0.4% | 36K | +500% | — | — | 13F |
| 25 | Meta Platforms, Inc. | Technology | $2.9M | 0.3% | 5,225 | -2% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $V | VISA INC. | Financials | $2.9M | 0.3% | 8,371 | -2% | |||
| 27 | $TSLA | Tesla, Inc. | Consumer Discretionary | $2.7M | 0.3% | 6,325 | -2% | |||
| 28 | — | ISHARES TR - CORE S&P SCP ETF | — | $2.6M | 0.3% | 17K | — | |||
| 29 | $ALPS | Alps Group Inc | Healthcare | $2.6M | 0.3% | 51K | -0.2% | |||
| 30 | — | VANGUARD STAR FDS - VG TL INTL STK F | — | $2.5M | 0.3% | 29K | -2% | |||
| 31 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $2.4M | 0.3% | 2,533 | -2% | |||
| 32 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $2.1M | 0.3% | 37K | -3% | |||
| 33 | — | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT | — | $2.0M | 0.2% | 28K | -0.1% | |||
| 34 | $CVX | CHEVRON CORP | Energy | $1.8M | 0.2% | 11K | +0.9% | |||
| 35 | — | VANGUARD MUN BD FDS - TAX EXEMPT BD | — | $1.6M | 0.2% | 32K | +3% | |||
| 36 | $ECL | ECOLAB INC. | Materials | $1.6M | 0.2% | 5,668 | +0.2% | |||
| 37 | $PANW | Palo Alto Networks Inc | Technology | $1.5M | 0.2% | 4,481 | -10% | |||
| 38 | $JNJ | JOHNSON & JOHNSON | Healthcare | $1.5M | 0.2% | 5,992 | +4% | |||
| 39 | — | STATE STR SPDR DOW JONES IND - UT SER 1 | — | $1.5M | 0.2% | 2,885 | -6% | |||
| 40 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $1.4M | 0.2% | 9,831 | -13% | |||
| 41 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $1.4M | 0.2% | 3,452 | -8% | |||
| 42 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $1.4M | 0.2% | 17K | -4% | |||
| 43 | $WMT | Walmart Inc. | Consumer Staples | $1.4M | 0.2% | 13K | +0.7% | |||
| 44 | $ELMD | Electromed, Inc. | Healthcare | $1.4M | 0.2% | 33K | — | |||
| 45 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $1.3M | 0.1% | 9,186 | +2% | |||
| 46 | $FAST | FASTENAL CO | Industrials | $1.2M | 0.1% | 26K | +0.5% | |||
| 47 | $ABBV | AbbVie Inc. | Healthcare | $1.2M | 0.1% | 4,766 | +3% | |||
| 48 | — | J P MORGAN EXCHANGE TRADED F - MUNICIPAL ETF | — | $1.2M | 0.1% | 23K | -11% | |||
| 49 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $1.2M | 0.1% | 5,340 | -7% | |||
| 50 | $IVZ | Invesco Ltd. | Financials | $1.1M | 0.1% | 20K | — | |||
| 51 | — | SPDR SERIES TRUST - ST STR SP600SM C | — | $1.1M | 0.1% | 10K | -0.1% | |||
| 52 | $XEL | XCEL ENERGY INC | Utilities | $1.1M | 0.1% | 13K | +22% | |||
| 53 | — | VANGUARD INDEX FDS - SML CP GRW ETF | — | $1.0M | 0.1% | 2,833 | +0.2% | |||
| 54 | — | SPDR SERIES TRUST - ST STR SP600 SML | — | $1.0M | 0.1% | 18K | — | |||
| 55 | $CSCO | CISCO SYSTEMS, INC. | Technology | $1.0M | 0.1% | 8,688 | -2% | |||
| 56 | $SPY | SPDR S&P 500 ETF TRUST | — | $936K | 0.1% | 1,254 | +0.6% | |||
| 57 | $GE | GENERAL ELECTRIC CO | Industrials | $936K | 0.1% | 2,505 | +1% | |||
| 58 | $MA | Mastercard Inc | Financials | $860K | 0.1% | 1,674 | +2% | |||
| 59 | — | SELECT SECTOR SPDR TR - ST STR TECHN ETF | — | $855K | 0.1% | 4,490 | New | |||
| 60 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $823K | 0.1% | 2,334 | -1% | |||
| 61 | $SPG | SIMON PROPERTY GROUP INC. | Real Estate | $819K | 0.1% | 3,664 | — | |||
| 62 | — | SPDR INDEX SHS FDS - ST STR PO EX ETF | — | $795K | 0.1% | 16K | -0.7% | |||
| 63 | $ORCL | ORACLE CORP | Technology | $789K | 0.1% | 5,387 | -3% | |||
| 64 | $PEP | PEPSICO INC | Consumer Staples | $772K | 0.1% | 5,701 | -0.0% | |||
| 65 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $751K | 0.1% | 2,672 | -1% | |||
| 66 | — | VANGUARD INDEX FDS - S&P 500 ETF SHS | — | $743K | 0.1% | 1,082 | +156% | |||
| 67 | $LMT | LOCKHEED MARTIN CORP | Industrials | $730K | 0.1% | 1,433 | -8% | |||
| 68 | $LNG | Cheniere Energy, Inc. | Energy | $696K | 0.1% | 2,914 | -13% | |||
| 69 | — | VANGUARD INDEX FDS - SMALL CP ETF | — | $689K | 0.1% | 2,273 | — | |||
| 70 | — | ISHARES TR - CORE S&P500 ETF | — | $668K | 0.1% | 892 | +6% | |||
| 71 | $CAT | CATERPILLAR INC | Industrials | $643K | 0.1% | 604 | — | |||
| 72 | $NFLX | NETFLIX INC | Communication Services | $620K | 0.1% | 8,681 | +2% | |||
| 73 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $605K | 0.1% | 821 | New | |||
| 74 | $F | FORD MOTOR CO | Consumer Discretionary | $553K | 0.1% | 40K | +2% | |||
| 75 | $NOC | NORTHROP GRUMMAN CORP /DE/ | Technology | $548K | 0.1% | 1,077 | +0.5% | |||
| 76 | $PLTR | Palantir Technologies Inc. | Technology | $517K | 0.1% | 4,435 | -10% | |||
| 77 | $APD | Air Products & Chemicals, Inc. | Materials | $441K | 0.1% | 1,503 | -17% | |||
| 78 | $DCI | DONALDSON Co INC | Industrials | $432K | 0.1% | 4,808 | -7% | |||
| 79 | — | ISHARES TR - DOW JONES US ETF | — | $429K | 0.1% | 2,351 | — | |||
| 80 | — | SCHWAB STRATEGIC TR - US DIVIDEND EQ | — | $422K | 0.1% | 13K | +33% | |||
| 81 | $MCD | MCDONALDS CORP | Consumer Discretionary | $413K | 0.1% | 1,526 | +0.2% | |||
| 82 | $CRM | Salesforce, Inc. | Technology | $383K | 0.0% | 2,445 | -15% | |||
| 83 | $DIS | Walt Disney Co | Communication Services | $374K | 0.0% | 3,886 | -7% | |||
| 84 | — | VANGUARD WHITEHALL FDS - HIGH DIV YLD | — | $364K | 0.0% | 2,304 | +8% | |||
| 85 | — | VANGUARD WORLD FD - INDUSTRIAL ETF | — | $337K | 0.0% | 934 | — | |||
| 86 | $YUM | YUM BRANDS INC | Consumer Discretionary | $302K | 0.0% | 1,889 | -0.1% | |||
| 87 | — | VANGUARD INDEX FDS - SM CP VAL ETF | — | $296K | 0.0% | 1,217 | +25% | |||
| 88 | — | VANGUARD INDEX FDS - MCAP VL IDXVIP | — | $293K | 0.0% | 1,485 | -27% | |||
| 89 | $MMM | 3M CO | Healthcare | $286K | 0.0% | 1,764 | New | |||
| 90 | — | DBX ETF TR - XTRACK MSCI EAFE | — | $279K | 0.0% | 8,667 | — | |||
| 91 | — | ISHARES TR - EAFE GRWTH ETF | — | $277K | 0.0% | 2,227 | — | |||
| 92 | — | VANGUARD SPECIALIZED FUNDS - DIV APP ETF | — | $266K | 0.0% | 1,125 | +16% | |||
| 93 | $ADX | ADAMS DIVERSIFIED EQUITY FUND, INC. | Other | $266K | 0.0% | 10K | +2% | |||
| 94 | $USB | US BANCORP \DE\ | Financials | $253K | 0.0% | 4,191 | — | |||
| 95 | $ENB | ENBRIDGE INC | Energy | $242K | 0.0% | 4,471 | — | |||
| 96 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $242K | 0.0% | 1,082 | -50% | |||
| 97 | — | VANGUARD WORLD FD - UTILITIES ETF | — | $236K | 0.0% | 1,207 | — | |||
| 98 | — | DIMENSIONAL ETF TRUST - US SMALL CAP ETF | — | $236K | 0.0% | 6,076 | -31% | |||
| 99 | $UNP | UNION PACIFIC CORP | Industrials | $234K | 0.0% | 861 | — | |||
| 100 | $BBY | BEST BUY CO INC | Consumer Discretionary | $233K | 0.0% | 3,073 | New | |||
| 101 | $PSLV | Sprott Physical Silver Trust | Financials | $232K | 0.0% | 12K | — | |||
| 102 | $DTB | DTE ENERGY CO | Utilities | $230K | 0.0% | 1,509 | — | |||
| 103 | $PM | Philip Morris International Inc. | Consumer Staples | $228K | 0.0% | 1,261 | New | |||
| 104 | $SO | SOUTHERN CO | Utilities | $221K | 0.0% | 2,311 | — | |||
| 105 | $NEE | NEXTERA ENERGY INC | Utilities | $220K | 0.0% | 2,508 | New | |||
| 106 | — | VANGUARD INDEX FDS - MID CAP ETF | — | $209K | 0.0% | 2,592 | New | |||
| 107 | — | SPDR SERIES TRUST - ST NUVE HIGH ETF | — | $207K | 0.0% | 8,148 | — | |||
| 108 | $T | AT&T INC. | Communication Services | $207K | 0.0% | 10K | -1.0% | |||
| 109 | — | VANGUARD ADMIRAL FDS INC - SMLCP 600 VAL | — | $205K | 0.0% | 1,746 | New | |||
| 110 | — | FIDELITY COMWLTH TR - NASDAQ COMPSIT | — | $202K | 0.0% | 1,954 | New | |||
| 111 | $DE | DEERE & CO | Industrials | $200K | 0.0% | 316 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 10 new, 40 added to, 42 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (10)
- SELECT SECTOR SPDR TR - ST STR TECHN ETF$855K
first bought this quarter
$QQQINVESCO QQQ TRUST, SERIES 1$605K
first bought this quarter
$MMM3M CO$286K
first bought this quarter
$BBYBEST BUY CO INC$233K
first bought this quarter
$PMPhilip Morris International Inc.$228K
first bought this quarter
$NEENEXTERA ENERGY INC$220K
first bought this quarter
+4 more in the Excel export
Added to (40)
- VANGUARD SCOTTSDALE FDS - INT-TERM CORP+5%
now $149.5M
- VANGUARD INDEX FDS - GROWTH ETF+500%
now $3.1M
now $81.8M · held 3+ qtrs
- DIMENSIONAL ETF TRUST - US COR EQU 1 ETF+1%
now $162.2M
- DIMENSIONAL ETF TRUST - US SMALL CAP ETF+2%
now $68.6M
- J P MORGAN EXCHANGE TRADED F - BET USD HIG ETF+5%
now $29.7M
+34 more in the Excel export
Trimmed (42)
now $6.4M · held 3+ qtrs
$HONHONEYWELL INTERNATIONAL INC-50%
now $242K · held 3+ qtrs, 2 trims in a row
$PGPROCTER & GAMBLE Co-13%
now $1.4M · held 3+ qtrs, 2 trims in a row
$PANWPalo Alto Networks Inc-10%
now $1.5M · held 3+ qtrs, 2 trims in a row
- J P MORGAN EXCHANGE TRADED F - MUNICIPAL ETF-11%
now $1.2M
now $10.9M · held 3+ qtrs, 2 trims in a row
+36 more in the Excel export
Holdings by quarter
Every 13F Bernicke Wealth Management, Ltd. has filed, 25 earlier quarters. Pick one to see what it held then.
Is it too late to follow Bernicke Wealth Management, Ltd.?
Q2 2026 13F filed with the SEC on Aug 11, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Bernicke Wealth Management, Ltd.'s top 20 holdings: 75/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-5.0%
Value-weighted move of the 10 largest stock positions
Turnover
1%
Last quarter
Top 10 weight
82%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Bernicke Wealth Management, Ltd. disclosed 111 positions worth $861.3M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 10 new positions and exited 2 and a full exit from $HAL. The portfolio is most concentrated in Other (75.9% of disclosed assets). All figures are sourced directly from Bernicke Wealth Management, Ltd.’s Form 13F-HR filing with the SEC under CIK 1569863.
Funds like this
managers whose biggest positions overlap Bernicke Wealth Management, Ltd.'sBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: Bernicke Wealth Management, Ltd.
13F Pro is an AI hedge fund tracker and stock research platform. For Bernicke Wealth Management, Ltd. (SEC CIK: 1569863), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Bernicke Wealth Management, Ltd.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.