2020 Q2 Investment Report: Bernicke Wealth Management Sees Major Shifts in Holdings

The year 2020 has been one for the history books with unprecedented global events causing major economic shifts. In this blog post, we will examine the second-quarter holdings report of Bernicke Wealth Management Ltd. and explore the significant changes in their holdings.

Bernicke Wealth Management Ltd. is a registered investment advisory firm based in Wisconsin, USA, that manages over $500 million in assets. As per the Securities and Exchange Commission (SEC) filings, Bernicke Wealth Management has been actively investing in a diverse range of holdings. The Q2 2020 holdings report recently released by the firm shows that the company has been taking several tactical investment decisions to navigate the ongoing economic uncertainty.

Let's dive into the details of the holdings comparison table provided by the firm:

- We see a staggering 100% shift in holdings by the company in American Tower Corp. (AMT) as they sold their entire stake of 5433 shares in the company.

- Bernicke Wealth Management Ltd. acquired 23127 shares of Enbridge Inc. (ENB.TO), which was not present in their Q1 report. This move demonstrates the company's bullish outlook on the Canadian energy infrastructure company.

- There is a 28.9% increase in holdings of Exxon Mobil Corp. (XOM), with the company acquiring 566 additional shares in the energy giant.

- We see a significant decline in the firm's holdings in Costco Wholesale Corp. (COST), where they sold 1490 shares, resulting in a decline of 28% in their value.

- Similarly, holdings in Procter and Gamble Co. (PG) took a hit with a 23.9% decrease, as the company sold over 3,000 shares.

- In contrast, Bernicke Wealth Management increased their investment in Pioneer Natural Resources Co. (PXD), adding 663 shares, resulting in a 12.6% increase in value.

- The company also increased their holdings by 9.3% in Vanguard Index FDS (VBK) and 16.7% in Invesco Exchange Traded FD T (PRF).

- The report also shows that the company sold all of its holdings in Wells Fargo & Co. (WELL) and iShares TR (IVV).

The above observations indicate that Bernicke Wealth Management has been taking a selective approach when it comes to investing in the current market. The company seems to have added to their energy holdings, while trimming their stake in consumer stocks.

It's worth noting that the report covers only a small portion of the firm's total holdings; nevertheless, it gives us a glimpse into the company's investment strategy. As the world continues to grapple with the ongoing pandemic and its aftermath, it will be interesting to see how Bernicke Wealth Management navigates through these uncertain times with their investment approach.

In conclusion, the Q2 2020 holdings report of Bernicke Wealth Management Ltd. shows significant changes in the company's holdings. The shift in their approach towards consumer stocks and increased focus on energy stocks indicates a strategic approach to portfolio management. As the market continues to fluctuate, it will be fascinating to see how the company changes their holdings in the upcoming quarters.