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BWM
Bernicke Wealth Management Portfolio holdings
AUM
$861M
Turnover
10.62%
This Fund
S&P 500
This Quarter
Est. Return
+2.06%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$779M
AUM Growth
–
Cap. Flow
+$772M
Cap. Flow
% of AUM
99.12%
Top 10 Holdings %
Top 10 Hldgs %
81.38%
Holding
100
New
100
Increased
–
Reduced
–
Closed
–
Avg Time Held
3.3
years
Top 10 Avg Time Held
1.4
years
Top 20 Avg Time Held
1.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$143M |
| 2 |
U.S. Core Equity 1 Portfolio ETF Class Shares
DCOR
|
+$138M |
| 3 |
Dimensional International Core Equity 2 ETF
DFIC
|
+$74M |
| 4 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$71.1M |
| 5 |
iShares MSCI ACWI ETF
ACWI
|
+$66.1M |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 86.09% |
| 2 | Technology | 5.18% |
| 3 | Financials | 1.92% |
| 4 | Communication Services | 1.79% |
| 5 | Consumer Discretionary | 1.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.2B
| $142M | 18.28% |
+1,699,369
| New | +$143M |
2014 Q4
44 quarters
|
|
|
2
U.S. Core Equity 1 Portfolio ETF Class Shares
DCOR
$3.58B
| $139M | 17.89% |
+1,892,040
| New | +$138M |
2025 Q4
0 quarters
|
|
|
3
Dimensional International Core Equity 2 ETF
DFIC
$15.1B
| $76.4M | 9.81% |
+2,217,402
| New | +$74M |
2025 Q4
0 quarters
|
|
|
4
Invesco S&P 500 Equal Weight ETF
RSP
$98.2B
| $71.8M | 9.22% |
+374,721
| New | +$71.1M |
2025 Q4
0 quarters
|
|
|
5
iShares MSCI ACWI ETF
ACWI
$32.9B
| $66.6M | 8.55% |
+470,715
| New | +$66.1M |
2017 Q4
32 quarters
|
|
6
U.S. Small Cap Portfolio ETF Class Shares
DFAS
$15B
| $57.9M | 7.44% |
+830,897
| New | +$57.3M |
2025 Q4
0 quarters
|
|
7
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
BBHY
$703M
| $28.1M | 3.61% |
+604,583
| New | +$28.2M |
2025 Q4
0 quarters
|
|
8
iShares National Muni Bond ETF
MUB
$49.2B
| $21.4M | 2.75% |
+199,674
| New | +$21.4M |
2017 Q1
35 quarters
|
|
9
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13.1B
| $19.2M | 2.47% |
+199,811
| New | +$19.2M |
2017 Q4
32 quarters
|
|
10
Apple
AAPL
$4.99T
| $10.5M | 1.35% |
+38,669
| New | +$10.4M |
2025 Q4
0 quarters
|
|
11
NVIDIA
NVDA
$5.25T
| $10.1M | 1.3% |
+54,392
| New | +$10.1M |
2025 Q4
0 quarters
|
|
12
Alphabet (Google) Class A
GOOGL
$4.27T
| $9.13M | 1.17% |
+29,157
| New | +$8.33M |
2015 Q4
40 quarters
|
|
13
Microsoft
MSFT
$4.01T
| $8.89M | 1.14% |
+18,373
| New | +$9.21M |
2018 Q2
30 quarters
|
|
14
Vanguard Total World Stock ETF
VT
$82.1B
| $7.75M | 1% |
+54,960
| New | +$7.68M |
2014 Q4
44 quarters
|
|
15
Amazon
AMZN
$2.75T
| $6.04M | 0.78% |
+26,154
| New | +$5.98M |
2017 Q1
35 quarters
|
|
16
Eli Lilly
LLY
$1.12T
| $4.78M | 0.61% |
+4,444
| New | +$4.25M |
2019 Q2
26 quarters
|
|
17
U.S. Core Equity 2 Portfolio ETF Class Shares
DFAC
$49.3B
| $4.65M | 0.6% |
+117,530
| New | +$4.59M |
2025 Q4
0 quarters
|
|
18
VanEck High Yield Muni ETF
HYD
$4.06B
| $4.3M | 0.55% |
+84,173
| New | +$4.29M |
2014 Q4
44 quarters
|
|
19
Vanguard Morningstar Total Stock Market ETF
VTI
$697B
| $4.17M | 0.54% |
+12,436
| New | +$4.14M |
2025 Q4
0 quarters
|
|
20
Broadcom
AVGO
$1.64T
| $3.55M | 0.46% |
+10,263
| New | +$3.67M |
2025 Q4
0 quarters
|
|
21
JPMorgan Chase
JPM
$891B
| $3.52M | 0.45% |
+10,925
| New | +$3.38M |
2025 Q4
0 quarters
|
|
22
Meta Platforms (Facebook)
META
$1.88T
| $3.51M | 0.45% |
+5,324
| New | +$3.56M |
2020 Q2
22 quarters
|
|
23
Berkshire Hathaway Class B
BRK.B
$1.13T
| $3.46M | 0.44% |
+6,886
| New | +$3.43M |
2017 Q1
35 quarters
|
|
24
Visa
V
$750B
| $3.05M | 0.39% |
+8,709
| New | +$2.97M |
2017 Q1
35 quarters
|
|
25
Vanguard Morningstar Growth ETF
VUG
$232B
| $2.96M | 0.38% |
+36,450
| New | +$2.96M |
2014 Q4
44 quarters
|
|
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Bernicke Wealth Management's Q4 2025 Portfolio in Review
As of Q4 2025, Bernicke Wealth Management held 100 positions worth $779M. Its ten largest holdings account for 81% of the portfolio.
Bernicke Wealth Management deployed $772M of net new capital in Q4 2025, opening 100 new positions. Its largest new stake was Vanguard Intermediate-Term Corporate Bond ETF: 1,699,369 shares worth $142M.
By sector, the portfolio is most concentrated in Miscellaneous at 86% of assets, followed by Technology and Financials.
- Bernicke Wealth Management's largest Q4 2025 buy was Vanguard Intermediate-Term Corporate Bond ETF: 1,699,369 shares worth $142M.
- Bernicke Wealth Management's ten largest holdings make up 81% of its $779M portfolio in Q4 2025.
- Bernicke Wealth Management opened 100 new positions and closed 0 in Q4 2025.
Based on Bernicke Wealth Management's 13F filing for Q4 2025, filed 11 Aug 2026.