# Bernicke Wealth Management, Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1569863. Source: https://holderbook.com/funds/1569863-bernicke-wealth-management-ltd/

- Reported value: $861.3M
- Positions: 111
- Weight of the ten largest: 81.8%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DIMENSIONAL ETF TRUST | [DCOR](https://holderbook.com/stocks/DCOR/) | $162.2M | 1,978,011 | 18.8% | 3 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $149.5M | 1,808,658 | 17.4% | 11 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $83.0M | 2,226,505 | 9.6% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $81.8M | 384,396 | 9.5% | 3 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $76.1M | 484,549 | 8.8% | 11 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $68.6M | 833,700 | 8.0% | 3 |
| J P MORGAN EXCHANGE TRADED F | [BBHY](https://holderbook.com/stocks/BBHY/) | $29.7M | 644,153 | 3.4% | 3 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $22.7M | 210,540 | 2.6% | 11 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $20.3M | 210,303 | 2.4% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $11.0M | 54,769 | 1.3% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.9M | 37,624 | 1.3% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $10.5M | 29,380 | 1.2% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $8.4M | 53,541 | 1.0% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.4M | 17,096 | 0.7% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.3M | 26,564 | 0.7% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $5.1M | 4,293 | 0.6% | 8 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $4.9M | 109,734 | 0.6% | 3 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.8M | 12,890 | 0.6% | 3 |
| VANECK ETF TRUST | [HYD](https://holderbook.com/stocks/HYD/) | $4.5M | 87,134 | 0.5% | 10 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $4.1M | 7,072 | 0.5% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.0M | 10,495 | 0.5% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.5M | 10,706 | 0.4% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.3M | 6,527 | 0.4% | 11 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $3.1M | 36,212 | 0.4% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.9M | 5,225 | 0.3% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.9M | 8,371 | 0.3% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.7M | 6,325 | 0.3% | 3 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.6M | 17,409 | 0.3% | 3 |
| ALPS ETF TR | [EQL](https://holderbook.com/stocks/EQL/) | $2.6M | 51,101 | 0.3% | 11 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $2.5M | 29,013 | 0.3% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.4M | 2,533 | 0.3% | 11 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.1M | 37,416 | 0.2% | 11 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.0M | 28,031 | 0.2% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.8M | 10,805 | 0.2% | 11 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $1.6M | 31,862 | 0.2% | 3 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.6M | 5,668 | 0.2% | 11 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.5M | 4,481 | 0.2% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.5M | 5,992 | 0.2% | 3 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.5M | 2,885 | 0.2% | 11 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.4M | 9,831 | 0.2% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.4M | 3,452 | 0.2% | 11 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.4M | 17,208 | 0.2% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.4M | 12,548 | 0.2% | 3 |
| ELECTROMED INC | [ELMD](https://holderbook.com/stocks/ELMD/) | $1.4M | 32,622 | 0.2% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.3M | 9,186 | 0.1% | 5 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $1.2M | 25,890 | 0.1% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.2M | 4,766 | 0.1% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JMUB](https://holderbook.com/stocks/JMUB/) | $1.2M | 23,325 | 0.1% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.2M | 5,340 | 0.1% | 11 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $1.1M | 20,441 | 0.1% | 11 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $1.1M | 10,004 | 0.1% | 11 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $1.1M | 13,267 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $1.0M | 2,833 | 0.1% | 11 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $1.0M | 17,959 | 0.1% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.0M | 8,688 | 0.1% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $936.5K | 1,254 | 0.1% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $936.2K | 2,505 | 0.1% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $859.8K | 1,674 | 0.1% | 3 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $855.4K | 4,490 | 0.1% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $823.2K | 2,334 | 0.1% | 3 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $819.5K | 3,664 | 0.1% | 4 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $795.0K | 15,776 | 0.1% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $789.5K | 5,387 | 0.1% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $771.9K | 5,701 | 0.1% | 11 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $751.4K | 2,672 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $742.9K | 1,082 | 0.1% | 3 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $730.1K | 1,433 | 0.1% | 3 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $696.5K | 2,914 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $689.0K | 2,273 | 0.1% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $668.0K | 892 | 0.1% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $643.4K | 604 | 0.1% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $619.8K | 8,681 | 0.1% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $604.6K | 821 | 0.1% | 1 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $553.1K | 39,789 | 0.1% | 3 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $548.3K | 1,077 | 0.1% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $517.4K | 4,435 | 0.1% | 3 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $440.6K | 1,503 | 0.1% | 11 |
| DONALDSON INC | [DCI](https://holderbook.com/stocks/DCI/) | $431.6K | 4,808 | 0.1% | 3 |
| ISHARES TR | [IYY](https://holderbook.com/stocks/IYY/) | $428.5K | 2,351 | 0.0% | 3 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $422.1K | 13,313 | 0.0% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $412.5K | 1,526 | 0.0% | 3 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $383.0K | 2,445 | 0.0% | 11 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $374.0K | 3,886 | 0.0% | 11 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $364.1K | 2,304 | 0.0% | 3 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $336.6K | 934 | 0.0% | 3 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $302.0K | 1,889 | 0.0% | 4 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $295.8K | 1,217 | 0.0% | 3 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $293.4K | 1,485 | 0.0% | 2 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $285.6K | 1,764 | 0.0% | 1 |
| DBX ETF TR | [HDEF](https://holderbook.com/stocks/HDEF/) | $278.6K | 8,667 | 0.0% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $277.1K | 2,227 | 0.0% | 11 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $266.1K | 1,125 | 0.0% | 3 |
| ADAMS DIVERSIFIED EQUITY FD | [ADX](https://holderbook.com/stocks/ADX/) | $265.9K | 10,409 | 0.0% | 3 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $253.1K | 4,191 | 0.0% | 3 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $242.4K | 4,471 | 0.0% | 4 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $242.3K | 1,082 | 0.0% | 1 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $236.2K | 1,207 | 0.0% | 3 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $235.7K | 6,076 | 0.0% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $234.2K | 861 | 0.0% | 6 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $233.2K | 3,073 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.8% | +14.8% | -6.0% | 100% |
| Q1 2026 | -1.4% | -4.6% | +3.2% | 100% |
| Q3 2020 | +3.4% | +8.6% | -5.2% | 100% |
| Q2 2020 | +12.4% | +19.6% | -7.2% | 100% |
| Q1 2020 | -12.5% | -19.9% | +7.4% | 100% |
| Q4 2019 | +3.0% | +8.5% | -5.4% | 100% |
| Q3 2019 | +1.0% | +1.3% | -0.3% | 100% |
| Q2 2019 | +2.7% | +3.7% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $861.3M | 111 |
| Q1 2026 | $774.1M | 103 |
| Q4 2025 | $778.5M | 100 |
| Q2 2020 | $135.4M | 48 |
| Q1 2020 | $165.0M | 45 |
| Q4 2019 | $179.1M | 46 |
| Q3 2019 | $172.8M | 46 |
| Q2 2019 | $167.0M | 46 |
| Q1 2019 | $159.3M | 47 |
| Q4 2018 | $145.4M | 46 |
| Q2 2018 | $142.9M | 48 |