Bernicke Wealth Management, Ltd.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed August 11, 2026), Bernicke Wealth Management, Ltd. reported 103 stock positions worth $774.1 million. Its top holding was Vanguard Int-Term Corporate (VCIT) at 18.4% of the portfolio, followed by Dimensional US Core Eq 1 ETF (DCOR, 18.2%) and Dimensional International (DFIC, 10.1%). Compared with Q4 2025, it opened 6 new positions, sold out of 3, added to 29 and reduced 55. The biggest buy was Dimensional US Core Eq 1 ETF (DCOR, shares +3%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
ALTOONA, WI
CIK
0001569863
Portfolio Value
$774.1M (Q1 2026)
SEC Filing
0001569863-26-000005 ↗ filed Aug 11, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q4 2025: $778.5M Q4 2025 Q1 2026: $774.1M $774.1M Q1 2026 Q2 2026: $861.3M Q2 2026

Holdings 103 stocks · $774.1M
VCIT Vanguard Int-Term Corporate 18.42% 1,722,708 $142.6M Add +1.4%
DCOR Dimensional US Core Eq 1 ETF 18.23% 1,957,963 $141.1M Add +3.5%
DFIC Dimensional International Co. 10.10% 2,200,636 $78.2M Reduce -0.8%
RSP Invesco S&P 500 Equal Weight 9.25% 372,932 $71.6M Reduce -0.5%
ACWI iShares MSCI Acwi ETF 8.53% 477,435 $66.1M Add +1.4%
DFAS Dimensional US Small Cap ETF 7.51% 817,085 $58.1M Reduce -1.7%
BBHY JPMorgan Betabuilders Usd Hi 3.65% 615,732 $28.2M Add +1.8%
MUB iShares National Muni Bond E 2.78% 202,808 $21.5M Add +1.6%
EMB iShares JP Morgan Usd Emergi 2.45% 201,734 $18.9M Add +1.0%
AAPL Apple Inc. 1.25% 38,074 $9.7M Reduce -1.5%
NVDA Nvidia Corp. 1.22% 54,220 $9.5M Reduce -0.3%
GOOGL Alphabet Inc. Class A 1.08% 29,132 $8.4M Reduce -0.1%
VT Vanguard Tot World STK ETF 0.96% 53,876 $7.5M Reduce -2.0%
MSFT Microsoft Corp. 0.87% 18,285 $6.8M Reduce -0.5%
AMZN Amazon.com Inc. 0.70% 25,913 $5.4M Reduce -0.9%
DFAC Dimensional US Core Equity 2 0.56% 111,170 $4.3M Reduce -5.4%
HYD Vaneck High Yield Muni ETF 0.55% 85,453 $4.3M Add +1.5%
VTI VG Morningstar TS MKT ETF-US 0.53% 12,683 $4.1M Add +2.0%
LLY Eli Lilly & Co. 0.52% 4,366 $4.0M Reduce -1.8%
BRK.B Berkshire Hathaway Inc. Class B 0.41% 6,679 $3.2M Reduce -3.0%
JPM JPMorgan Chase & Co. 0.41% 10,862 $3.2M Reduce -0.6%
AVGO Broadcom Inc. 0.41% 10,273 $3.2M Add +0.1%
META Meta Platforms Inc. Class A 0.40% 5,354 $3.1M Add +0.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.34% 6,040 $2.6M Reduce -0.6%
V Visa Inc. Class A 0.33% 8,535 $2.6M Reduce -2.0%
COST Costco Wholesale Corp. 0.33% 2,583 $2.6M Add +2.0%
EQL CI Inv SP 500 Equ Weg Ind-Ui 0.31% 51,204 $2.4M Reduce -1.1%
TSLA Tesla Inc. 0.31% 6,456 $2.4M Reduce -0.7%
VXUS Vanguard Total Intl Stock 0.30% 29,628 $2.3M Add +0.1%
CVX Chevron Corp. 0.29% 10,710 $2.2M Reduce -3.6%
IJR iShares Core S&P Small-Cap E 0.28% 17,409 $2.2M Reduce -0.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.24% 38,729 $1.9M Reduce -1.7%
VEA Vanguard Ftse Developed ETF 0.23% 28,049 $1.8M Add +2.4%
PG The Procter & Gamble Co. 0.21% 11,274 $1.6M Reduce -3.7%
WMT Walmart Inc. 0.20% 12,459 $1.5M Reduce -2.6%
VTEB Vanguard Tax-Exempt Bond ETF 0.20% 30,868 $1.5M Add +0.6%
XOM Exxon Mobil Corp. 0.20% 8,973 $1.5M Reduce -4.6%
ECL Ecolab Inc. 0.19% 5,654 $1.5M Reduce -0.6%
AMD Advanced Micro Devices 0.19% 7,261 $1.5M Add +1.0%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.18% 3,080 $1.4M Reduce -3.9%
WFC Wells Fargo & Co. 0.18% 17,860 $1.4M Add +4.8%
JNJ Johnson & Johnson 0.18% 5,777 $1.4M Reduce -1.7%
LOW Lowe's Cos Inc. 0.17% 5,726 $1.4M Reduce -1.9%
JMUB JPMorgan Municipal ETF 0.17% 26,278 $1.3M Add +2.5%
FAST Fastenal Co. 0.15% 25,751 $1.2M Add +0.5%
UNH Unitedhealth Group Inc. 0.13% 3,734 $1.0M Add +1.4%
ABBV Abbvie Inc. 0.13% 4,607 $1.0M Add +2.9%
PRF Invesco Rafi US 1000 ETF 0.13% 20,441 $972K Reduce -0.1%
SLYV SS SPDR S&P 600 SC Val ETF 0.12% 10,018 $948K Reduce -1.5%
LNG Cheniere Energy Inc. 0.12% 3,335 $946K Reduce -8.8%
LMT Lockheed Martin Corp. 0.12% 1,565 $946K Reduce -0.2%
PEP Pepsico Inc. 0.11% 5,703 $886K Reduce -1.4%
SPSM SS SPDR P S&P 600 Small Cap 0.11% 17,959 $868K No change
XEL Xcel Energy Inc. 0.11% 10,873 $864K Add +118.1%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.11% 2,826 $854K Reduce -0.6%
MA Mastercard Inc. Class A 0.11% 1,645 $822K Reduce -0.5%
ORCL Oracle Corp. 0.11% 5,576 $820K Add +0.5%
NFLX Netflix Inc. 0.11% 8,485 $816K Reduce -1.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 1,247 $811K Reduce -1.7%
PANW Palo Alto Networks Inc. 0.10% 5,004 $802K Reduce -5.6%
HD Home Depot Inc. 0.10% 2,362 $777K Reduce -1.4%
ELMD Electromed Inc. 0.10% 32,622 $764K No change
NOC Northrop Grumman Corp. 0.09% 1,072 $731K Add +0.3%
SPDW Ste STR SPDR PT DW Eu ETF 0.09% 15,881 $725K Reduce -0.6%
PLTR Palantir Technologies Inc. Class A 0.09% 4,952 $724K Reduce -1.6%
GE General Electric filed as GE AEROSPACE 0.09% 2,480 $704K Reduce -1.1%
CSCO Cisco Systems Inc. 0.09% 8,886 $689K Add +0.4%
SPG Simon Property Group Inc. 0.09% 3,664 $683K Reduce -4.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 2,709 $657K Reduce -1.0%
VB Vanguard Most SM-Cap ETF-Usd 0.08% 2,273 $595K No change
IVV iShares Core S&P 500 ETF 0.07% 843 $551K Reduce -2.7%
CRM Salesforce Inc. 0.07% 2,871 $536K Reduce -7.7%
APD Air Products & Chemicals Inc. 0.07% 1,800 $523K Reduce -9.1%
HON Honeywell International Inc. 0.06% 2,169 $490K Reduce -2.0%
MCD McDonald's Corp. 0.06% 1,523 $473K Add +0.1%
F Ford Motor Co. filed as FORD MTR CO 0.06% 38,997 $450K Add +1.1%
DCI Donaldson Co. Inc. 0.06% 5,154 $437K Reduce -5.9%
CAT Caterpillar Inc. 0.06% 604 $428K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 4,192 $404K Reduce -1.6%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.05% 2,025 $373K New
IYY iShares Dow Jones U.S. ETF 0.05% 2,351 $373K No change
VYM Vanguard High DVD Yield ETF 0.04% 2,134 $316K Add +12.0%
DFSV Dimensional US Small Cap Val 0.04% 8,854 $310K New
SCHD Schwab US DVD Equity ETF 0.04% 10,029 $308K No change
PSLV Sprott Physical Silver Trust 0.04% 12,297 $300K No change
YUM Yum! Brands Inc. 0.04% 1,891 $294K Reduce -4.5%
T AT&T Inc. 0.04% 10,111 $293K New
VIS Vanguard Industrials ETF 0.04% 934 $292K No change
HDEF Xtrackers MSCI Eafe High Div 0.04% 8,667 $281K No change
VOO Vanguard S&P 500 ETF 0.03% 422 $252K Add +4.2%
EFG iShares MSCI Eafe Growth ETF 0.03% 2,227 $248K Reduce -2.5%
ENB Enbridge Inc. 0.03% 4,471 $242K Reduce -5.8%
VPU Vanguard Utilities ETF 0.03% 1,207 $239K No change
HAL Halliburton Co. 0.03% 5,752 $224K New
ADX Adams Diversified Equity 0.03% 10,213 $224K Add +2.0%
SO The Southern Co. 0.03% 2,311 $223K No change
DTE DTE Energy Company 0.03% 1,509 $221K New
USB US Bancorp 0.03% 4,191 $218K Reduce -6.7%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.03% 971 $211K No change
UNP Union Pacific Corp. 0.03% 861 $209K Reduce -3.7%

Show all 103 holdings

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -0.5% 0.87% −0.27
AAPL Apple Inc. Reduce -1.5% 1.25% −0.10
LLY Eli Lilly & Co. Reduce -1.8% 0.52% −0.09
GOOGL Alphabet Inc. Class A Reduce -0.1% 1.08% −0.09
NVDA Nvidia Corp. Reduce -0.3% 1.22% −0.08
AMZN Amazon.com Inc. Reduce -0.9% 0.70% −0.08
TSLA Tesla Inc. Reduce -0.7% 0.31% −0.07
V Visa Inc. Class A Reduce -2.0% 0.33% −0.06
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.6% 0.34% −0.04
DFAC Dimensional US Core Equity 2 Reduce -5.4% 0.56% −0.04
GLD SPDR Gold Shares Sold out 0.00% −0.04
JPM JPMorgan Chase & Co. Reduce -0.6% 0.41% −0.04
CRM Salesforce Inc. Reduce -7.7% 0.07% −0.04
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.04
BAC Bank of America Corp. Reduce -1.7% 0.24% −0.03
VT Vanguard Tot World STK ETF Reduce -2.0% 0.96% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.0% 0.41% −0.03
SLV iShares Silver Trust Sold out 0.00% −0.03
NOW ServiceNow Inc. Reduce -23.7% 0.03% −0.02
PANW Palo Alto Networks Inc. Reduce -5.6% 0.10% −0.02
PLTR Palantir Technologies Inc. Class A Reduce -1.6% 0.09% −0.02
IBM Intl Business Machines Corp. Reduce -1.0% 0.08% −0.02
MA Mastercard Inc. Class A Reduce -0.5% 0.11% −0.01
DIA SS SPDR Dow Jones Indus Avg Reduce -3.9% 0.18% −0.01
DIS The Walt Disney Co. Reduce -1.6% 0.05% −0.01
GE General Electric Reduce -1.1% 0.09% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.7% 0.10% −0.01
DCI Donaldson Co. Inc. Reduce -5.9% 0.06% −0.01
LOW Lowe's Cos Inc. Reduce -1.9% 0.17% −0.01
HD Home Depot Inc. Reduce -1.4% 0.10% −0.01
PG The Procter & Gamble Co. Reduce -3.7% 0.21% −0.01
IVV iShares Core S&P 500 ETF Reduce -2.7% 0.07% −0.01
SPG Simon Property Group Inc. Reduce -4.2% 0.09% −0.00
USB US Bancorp Reduce -6.7% 0.03% −0.00
EFG iShares MSCI Eafe Growth ETF Reduce -2.5% 0.03% −0.00
YUM Yum! Brands Inc. Reduce -4.5% 0.04% −0.00
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -0.6% 0.11% 0.00
UNP Union Pacific Corp. Reduce -3.7% 0.03% +0.00
NFLX Netflix Inc. Reduce -1.4% 0.11% +0.00
ENB Enbridge Inc. Reduce -5.8% 0.03% +0.00
PRF Invesco Rafi US 1000 ETF Reduce -0.1% 0.13% +0.00
ECL Ecolab Inc. Reduce -0.6% 0.19% +0.00
SPDW Ste STR SPDR PT DW Eu ETF Reduce -0.6% 0.09% +0.00
SLYV SS SPDR S&P 600 SC Val ETF Reduce -1.5% 0.12% +0.00
APD Air Products & Chemicals Inc. Reduce -9.1% 0.07% +0.00
EQL CI Inv SP 500 Equ Weg Ind-Ui Reduce -1.1% 0.31% +0.01
PEP Pepsico Inc. Reduce -1.4% 0.11% +0.01
HON Honeywell International Inc. Reduce -2.0% 0.06% +0.01
IJR iShares Core S&P Small-Cap E Reduce -0.5% 0.28% +0.01
WMT Walmart Inc. Reduce -2.6% 0.20% +0.02

Portfolio Buys Q4 2025 → Q1 2026
DCOR Dimensional US Core Eq 1 ETF Add +3.5% 18.23% +0.34
VCIT Vanguard Int-Term Corporate Add +1.4% 18.42% +0.14
XEL Xcel Energy Inc. Add +118.1% 0.11% +0.06
CAT Caterpillar Inc. New 0.06% +0.06
COST Costco Wholesale Corp. Add +2.0% 0.33% +0.05
VOE Vngrd Mrngstr MD-Cap Val ETF New 0.05% +0.05
DFSV Dimensional US Small Cap Val New 0.04% +0.04
T AT&T Inc. New 0.04% +0.04
BBHY JPMorgan Betabuilders Usd Hi Add +1.8% 3.65% +0.03
MUB iShares National Muni Bond E Add +1.6% 2.78% +0.03
HAL Halliburton Co. New 0.03% +0.03
DTE DTE Energy Company New 0.03% +0.03
FAST Fastenal Co. Add +0.5% 0.15% +0.02
NOC Northrop Grumman Corp. Add +0.3% 0.09% +0.02
VEA Vanguard Ftse Developed ETF Add +2.4% 0.23% +0.01
VXUS Vanguard Total Intl Stock Add +0.1% 0.30% +0.01
VYM Vanguard High DVD Yield ETF Add +12.0% 0.04% +0.01
JMUB JPMorgan Municipal ETF Add +2.5% 0.17% +0.00
CSCO Cisco Systems Inc. Add +0.4% 0.09% +0.00
MCD McDonald's Corp. Add +0.1% 0.06% +0.00
HYD Vaneck High Yield Muni ETF Add +1.5% 0.55% +0.00
VTEB Vanguard Tax-Exempt Bond ETF Add +0.6% 0.20% +0.00
VOO Vanguard S&P 500 ETF Add +4.2% 0.03% 0.00
ADX Adams Diversified Equity Add +2.0% 0.03% −0.00
ABBV Abbvie Inc. Add +2.9% 0.13% −0.00
AMD Advanced Micro Devices Add +1.0% 0.19% −0.01
F Ford Motor Co. Add +1.1% 0.06% −0.01
VTI VG Morningstar TS MKT ETF-US Add +2.0% 0.53% −0.01
ACWI iShares MSCI Acwi ETF Add +1.4% 8.53% −0.02
WFC Wells Fargo & Co. Add +4.8% 0.18% −0.02
EMB iShares JP Morgan Usd Emergi Add +1.0% 2.45% −0.02
UNH Unitedhealth Group Inc. Add +1.4% 0.13% −0.03
ORCL Oracle Corp. Add +0.5% 0.11% −0.03
AVGO Broadcom Inc. Add +0.1% 0.41% −0.05
META Meta Platforms Inc. Class A Add +0.6% 0.40% −0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 111$861.3MDCOR, VCIT, DFIC, RSP, ACWI
Q1 2026 103$774.1MVCIT, DCOR, DFIC, RSP, ACWI
Q4 2025 100$778.5MVCIT, DCOR, DFIC, RSP, ACWI