CIK: 0001569863
Total reported value
$135.4M
Reporting period: 2020-06-30 · Number of holdings: 48
Bernicke Wealth Management, Ltd. disclosed 48 holdings in its latest 13F filing for the period ending 2020-06-30, with total reported value of $135.4M and a quarterly turnover rate of 25.9%.
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Bernicke Wealth Management, Ltd.'s disclosed holdings carry a Herfindahl concentration index of 0.176 — mathematically equivalent to about 6 equally-sized positions, well below its 48 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.76), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 13% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim VCIT
-27.8% -$13.6M
Trim ACWI
-32.9% -$4.8M
Trim SHYG
-27.4% -$1.8M
Add VUG
-16.5% $108.0K
Trim MUB
-21.8% -$3.0M
Add HYD
-20.5% -$318.0K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 37.48% | -1.56% | -27.85% | |
| 2 | ACWI | Ishares Msci Acwi ETF | ETF-Other | 13.37% | -0.52% | -32.93% | |
| 3 | MUB | Ishares National Muni Bond E | ETF-Other | 8.85% | -0.24% | -21.80% | |
| 4 | EMB | Ishares Jp Morgan Usd Emergi | ETF-Other | 6.91% | +0.02% | -27.12% | |
| 5 | SHYG | Ishares 0-5 Yr Hy CORP Bond | ETF-Corp Bonds | 4.32% | -0.33% | -27.38% | |
| 6 | VT | Vanguard Tot World Stk ETF | ETF-Other | 3.32% | -0.03% | -31.65% | |
| 7 | HYD | Vaneck High Yield Muni ETF | ETF-High Yield | 2.15% | +0.19% | -20.51% | |
| 8 | VUG | Vanguard Growth ETF | ETF-Other | 1.12% | +0.26% | -16.54% | |
| 9 | EQL | Alps Equal Sector Weight ETF | ETF-Other | 1.11% | +0.18% | -17.21% | |
| 10 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.83% | +0.06% | -37.52% | |
| 11 | MMM | 3m Co | Stock-Industrials | 0.83% | +0.12% | -15.90% | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 0.80% | -0.02% | -38.34% | |
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.79% | -0.06% | -35.36% | |
| 14 | CRM | Salesforce INC | Stock-Tech | 0.76% | +0.08% | -29.75% | |
| 15 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 0.75% | +0.14% | -35.49% | |
| 16 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.70% | -0.10% | -32.30% | |
| 17 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.68% | -0.02% | -32.71% | |
| 18 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.68% | +0.02% | -30.67% | |
| 19 | INTC | Intel CORP | Stock-Tech | 0.68% | -0.07% | -33.21% | |
| 20 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.67% | +0.14% | -12.17% | |
| 21 | V | Visa Inc-class A Shares | Stock-Financials | 0.66% | — | -31.59% | |
| 22 | APD | Air Products & Chemicals INC | Stock-Materials | 0.65% | — | -32.10% | |
| 23 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.65% | -0.05% | -30.06% | |
| 24 | SPG | Simon Property Group INC | Stock-Real Estate | 0.63% | +0.63% | NEW | |
| 25 | ECL | Ecolab INC | Stock-Materials | 0.61% | +0.03% | -32.43% | |
| 26 | PEP | Pepsico INC | Stock-Consumer Staples | 0.61% | -0.04% | -30.65% | |
| 27 | UNP | Union Pacific CORP | Stock-Industrials | 0.60% | +0.01% | -30.20% | |
| 28 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.57% | +0.57% | NEW | |
| 29 | PPG | Ppg Industries INC | Stock-Materials | 0.56% | +0.04% | -29.54% | |
| 30 | MDT | Medtronic plc | Stock-Healthcare | 0.55% | -0.08% | -29.80% | |
| 31 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.54% | — | -28.94% | |
| 32 | CVX | Chevron CORP | Stock-Energy | 0.54% | +0.07% | -22.87% | |
| 33 | YUM | Yum! Brands INC | Stock-Consumer Disc | 0.53% | +0.53% | NEW | |
| 34 | ENB | Enbridge INC | Stock-Energy | 0.52% | +0.52% | NEW | |
| 35 | PXDEUR | Pioneer Natural Resources Co | Stock-Other | 0.51% | +0.14% | -19.10% | |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.51% | -0.09% | -28.82% | |
| 37 | VBK | Vanguard Small-cap Grwth ETF | ETF-Other | 0.50% | +0.12% | -17.81% | |
| 38 | BAC | Bank Of America CORP | Stock-Financials | 0.49% | -0.01% | -27.43% | |
| 39 | BA | Boeing Co/the | Stock-Industrials | 0.49% | +0.17% | +3.09% | |
| 40 | PRF | Invesco Rafi US 1000 ETF | ETF-Other | 0.43% | +0.12% | -0.42% | |
| 41 | SLYV | Ss Spdr S&p 600 Sc Val ETF | ETF-Other | 0.33% | +0.02% | -26.19% | |
| 42 | AOR | Ishares Core 60/40 Balanced | ETF-Other | 0.32% | +0.05% | -15.55% | |
| 43 | SPSM | Ss Spdr P S&p 600 Small Cap | ETF-Small Cap | 0.28% | +0.28% | NEW | |
| 44 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 0.25% | +0.25% | NEW | |
| 45 | ITM | Vaneck Intermediate Muni ETF | ETF-Other | 0.25% | +0.25% | NEW | |
| 46 | BND | Vanguard Total Bond Market | ETF-Other | 0.24% | — | +0.08% | |
| 47 | XOM | Exxon Mobil CORP | Stock-Energy | 0.22% | +0.08% | +9.27% | |
| 48 | EFG | Ishares Msci Eafe Growth ETF | ETF-Other | 0.17% | — | -11.31% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2020-06-30 | 48 | $135.4M | 26 | |
| 2020-03-31 | 45 | $165.0M | 10 | |
| 2019-12-31 | 46 | $179.1M | 5 | |
| 2019-09-30 | 46 | $172.8M | 4 | |
| 2019-06-30 | 46 | $167.0M | 16 | |
| 2019-03-31 | 47 | $159.3M | 9 | |
| 2018-12-31 | 46 | $145.4M | 12 | |
| 2018-09-30 | 48 | $150.6M | 6 | |
| 2018-06-30 | 48 | $142.9M | 13 | |
| 2018-03-31 | 49 | $137.3M | 66 | |
| 2017-12-31 | 50 | $132.5M | 7 | |
| 2017-09-30 | 48 | $127.5M | 9 | |
| 2017-06-30 | 56 | $125.5M | 15 | |
| 2017-03-31 | 59 | $120.3M | 16 | |
| 2016-12-31 | 37 | $115.6M | 3 | |
| 2016-09-30 | 39 | $115.2M | 5 | |
| 2016-06-30 | 38 | $110.9M | 20 | |
| 2016-03-31 | 38 | $107.8M | 14 | |
| 2015-12-31 | 38 | $103.2M | 11 | |
| 2015-09-30 | 37 | $98.2M | 11 | |
| 2015-06-30 | 41 | $104.8M | 23 | |
| 2015-03-31 | 43 | $93.8M | 38 | |
| 2014-12-31 | 46 | $101.7M | 0 |
Bernicke Wealth Management, Ltd.'s most significant position changes for 2020-06-30: Sold out: American Tower CORP (AMT); Sold out: Tc Energy CORP (TRP); New buy: Simon Property Group INC (SPG); New buy: Meta Platforms Inc-class A (META); New buy: Yum! Brands INC (YUM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VUG | Vanguard Growth ETF | +0.3% | -16.54% | Trim |
| 2 | HYD | Vaneck High Yield Muni ETF | +0.2% | -20.51% | Trim |
| 3 | EQL | Alps Equal Sector Weight ETF | +0.2% | -17.21% | Trim |
| 4 | BA | Boeing Co/the | +0.2% | +3.09% | Add |
| 5 | PXDEUR | Pioneer Natural Resources Co | +0.1% | -19.10% | Trim |
| 6 | DIA | Ss Spdr Dow Jones Indus Avg | +0.1% | -12.17% | Trim |
| 7 | LOW | Lowe's Cos INC | +0.1% | -35.49% | Trim |
| 8 | PRF | Invesco Rafi US 1000 ETF | +0.1% | -0.42% | Trim |
| 9 | VBK | Vanguard Small-cap Grwth ETF | +0.1% | -17.81% | Trim |
| 10 | MMM | 3m Co | +0.1% | -15.90% | Trim |
| 11 | CRM | Salesforce INC | +0.1% | -29.75% | Trim |
| 12 | XOM | Exxon Mobil CORP | +0.1% | +9.27% | Add |
| 13 | CVX | Chevron CORP | +0.1% | -22.87% | Trim |
| 14 | AMZN | Amazon.com INC | +0.1% | -37.52% | Trim |
| 15 | AOR | Ishares Core 60/40 Balanced | +0.1% | -15.55% | Trim |
| 16 | PPG | Ppg Industries INC | 0% | -29.54% | Trim |
| 17 | ECL | Ecolab INC | 0% | -32.43% | Trim |
| 18 | EMB | Ishares Jp Morgan Usd Emergi | 0% | -27.12% | Trim |
| 19 | GOOGL | Alphabet Inc-cl A | 0% | -30.67% | Trim |
| 20 | SLYV | Ss Spdr S&p 600 Sc Val ETF | 0% | -26.19% | Trim |
| 21 | UNP | Union Pacific CORP | 0% | -30.20% | Trim |
| 22 | V | Visa Inc-class A Shares | — | -31.59% | Trim |
| 23 | APD | Air Products & Chemicals INC | — | -32.10% | Trim |
| 24 | DIS | Walt Disney Co/the | — | -28.94% | Trim |
| 25 | BAC | Bank Of America CORP | 0% | -27.43% | Trim |
| 26 | MSFT | Microsoft CORP | 0% | -38.34% | Trim |
| 27 | UNH | Unitedhealth Group INC | 0% | -32.71% | Trim |
| 28 | VT | Vanguard Tot World Stk ETF | 0% | -31.65% | Trim |
| 29 | PEP | Pepsico INC | 0% | -30.65% | Trim |
| 30 | PG | Procter & Gamble Co/the | -0.1% | -30.06% | Trim |
| 31 | LLY | Eli Lilly & Co | -0.1% | -35.36% | Trim |
| 32 | INTC | Intel CORP | -0.1% | -33.21% | Trim |
| 33 | MDT | Medtronic plc | -0.1% | -29.80% | Trim |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -28.82% | Trim |
| 35 | COST | Costco Wholesale CORP | -0.1% | -32.30% | Trim |
| 36 | MUB | Ishares National Muni Bond E | -0.2% | -21.80% | Trim |
| 37 | SHYG | Ishares 0-5 Yr Hy CORP Bond | -0.3% | -27.38% | Trim |
| 38 | ACWI | Ishares Msci Acwi ETF | -0.5% | -32.93% | Trim |
| 39 | VCIT | Vanguard Int-term Corporate | -1.6% | -27.85% | Trim |
| 40 | AMT | American Tower CORP | — | EXIT | Sold out |
| 41 | TRP | Tc Energy CORP | — | EXIT | Sold out |
| 42 | SPG | Simon Property Group INC | — | NEW | New buy |
| 43 | META | Meta Platforms Inc-class A | — | NEW | New buy |
| 44 | YUM | Yum! Brands INC | — | NEW | New buy |
| 45 | ENB | Enbridge INC | — | NEW | New buy |
| 46 | WELL | Welltower INC | — | EXIT | Sold out |
| 47 | SPSM | Ss Spdr P S&p 600 Small Cap | — | NEW | New buy |
| 48 | SPDW | Ste Str Spdr Pt Dw EU ETF | — | NEW | New buy |
| 49 | ITM | Vaneck Intermediate Muni ETF | — | NEW | New buy |
| 50 | IVV | Ishares Core S&p 500 ETF | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2020-06-30 | 2020-08-19 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-31 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-31 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-05 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-03 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-11 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-08 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2019-02-11 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-08-10 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-11 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-11 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-10 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-10 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-11 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-12 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-11 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-12 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
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