Bernicke Wealth Management, Ltd.
Long book
$774.1M
Q1 2026
Positions
103
Top-10 weight
82%
concentration
Last quarter
+18.6%
SPY +18.6%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsBernicke Wealth Management, Ltd. is an institutional manager, running a $774.1M US long book across 103 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD INT-TERM CORPORATE, DIMENSIONAL US CORE EQ 1 ETF, DIMENSIONAL INTERNATIONAL CO, INVESCO S&P 500 EQUAL WEIGHT, ISHARES MSCI ACWI ETF.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
-1.1%
Q1 2026
+18.6%
Sector allocation
Technology 47%
Consumer discretionary 13%
Financials 11%
Healthcare 7%
Industrials 6%
Services media 5%
Energy 4%
Other 3%
Long book by quarter
What does Bernicke Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 38.1K | $9.7M | 1.2% | -1.5% |
| NVDA NVIDIA CORP | Technology | 54.2K | $9.5M | 1.2% | -0.3% |
| GOOGL ALPHABET INC-CL A | Technology | 29.1K | $8.4M | 1.1% | -0.1% |
| MSFT MICROSOFT CORP | Technology | 18.3K | $6.8M | 0.9% | -0.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 25.9K | $5.4M | 0.7% | -0.9% |
| LLY ELI LILLY & CO | Healthcare | 4.4K | $4.0M | 0.5% | -1.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 6.7K | $3.2M | 0.4% | -3.0% |
| JPM JPMORGAN CHASE & CO | Financials | 10.9K | $3.2M | 0.4% | -0.6% |
| AVGO BROADCOM INC | Technology | 10.3K | $3.2M | 0.4% | +0.1% |
| META META PLATFORMS INC-CLASS A | Technology | 5.4K | $3.1M | 0.4% | +0.6% |
| V VISA INC-CLASS A SHARES | Services media | 8.5K | $2.6M | 0.3% | -2.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.6K | $2.6M | 0.3% | +2.0% |
| TSLA TESLA INC | Industrials | 6.5K | $2.4M | 0.3% | -0.7% |
| CVX CHEVRON CORP | Energy | 10.7K | $2.2M | 0.3% | -3.6% |
| BAC BANK OF AMERICA CORP | Financials | 38.7K | $1.9M | 0.2% | -1.7% |
| PG PROCTER & GAMBLE CO/THE | Other | 11.3K | $1.6M | 0.2% | -3.7% |
| WMT WALMART INC | Consumer discretionary | 12.5K | $1.5M | 0.2% | -2.6% |
| XOM EXXON MOBIL CORP | Energy | 9.0K | $1.5M | 0.2% | -4.6% |
| ECL ECOLAB INC | Other | 5.7K | $1.5M | 0.2% | -0.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 7.3K | $1.5M | 0.2% | +1.0% |
| WFC WELLS FARGO & CO | Financials | 17.9K | $1.4M | 0.2% | +4.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.8K | $1.4M | 0.2% | -1.7% |
| LOW LOWE'S COS INC | Consumer discretionary | 5.7K | $1.4M | 0.2% | -1.9% |
| FAST FASTENAL CO | Consumer discretionary | 25.8K | $1.2M | 0.2% | +0.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 3.7K | $1.0M | 0.1% | +1.4% |
| ABBV ABBVIE INC | Healthcare | 4.6K | $1.0M | 0.1% | +2.9% |
| LNG CHENIERE ENERGY INC | Utilities | 3.3K | $946K | 0.1% | -8.8% |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.6K | $946K | 0.1% | -0.2% |
| PEP PEPSICO INC | Consumer staples | 5.7K | $886K | 0.1% | -1.4% |
| XEL XCEL ENERGY INC | Utilities | 10.9K | $864K | 0.1% | +118.1% |
| MA MASTERCARD INC - A | Services media | 1.6K | $822K | 0.1% | -0.5% |
| ORCL ORACLE CORP | Technology | 5.6K | $820K | 0.1% | +0.5% |
| NFLX NETFLIX INC | Services media | 8.5K | $816K | 0.1% | -1.4% |
| PANW PALO ALTO NETWORKS INC | Technology | 5.0K | $802K | 0.1% | -5.6% |
| HD HOME DEPOT INC | Consumer discretionary | 2.4K | $777K | 0.1% | -1.4% |
| ELMD ELECTROMED INC | Healthcare | 32.6K | $764K | 0.1% | Held |
| NOC NORTHROP GRUMMAN CORP | Technology | 1.1K | $731K | 0.1% | +0.3% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 5.0K | $724K | 0.1% | -1.6% |
| GE GENERAL ELECTRIC | Industrials | 2.5K | $704K | 0.1% | -1.1% |
| CSCO CISCO SYSTEMS INC | Technology | 8.9K | $689K | 0.1% | +0.4% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.7K | $657K | 0.1% | -1.0% |
| CRM SALESFORCE INC | Technology | 2.9K | $536K | 0.1% | -7.7% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 1.8K | $523K | 0.1% | -9.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 2.2K | $490K | 0.1% | -2.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.5K | $473K | 0.1% | +0.1% |
| F FORD MOTOR CO | Industrials | 39.0K | $450K | 0.1% | +1.1% |
| DCI DONALDSON CO INC | Industrials | 5.2K | $437K | 0.1% | -5.9% |
| CAT CATERPILLAR INC | Industrials | 604 | $428K | 0.1% | New |
| DIS WALT DISNEY CO/THE | Services media | 4.2K | $404K | 0.1% | -1.6% |
| YUM YUM! BRANDS INC | Consumer discretionary | 1.9K | $294K | 0.0% | -4.4% |