Wharton Business Group, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Wharton Business Group, LLC reported 142 stock positions worth $3.0 billion. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 8.6% of the portfolio, followed by iShares MSCI USA Value Facto (VLUE, 7.1%) and iShares MSCI Emg MKT Min Vol (EEMV, 5.8%). Compared with Q1 2026, it opened 4 new positions, sold out of 3, added to 19 and reduced 59. The biggest buy was iShares 1-5Y Inv Grade (IGSB, shares +152%) and the biggest sale iShares MSCI Eafe Min Vol Fa (EFAV, shares −2%).

Most Recent 13F
Q2 2026
Location
MALVERN, PA
CIK
0001513126
Portfolio Value
$3.0B (Q2 2026)
SEC Filing
0001513126-26-000003 ↗ filed Aug 10, 2026

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.1B Q1 2024 Q2 2024: $1.9B Q2 2024 Q3 2024: $2.2B Q3 2024 Q4 2024: $2.2B Q4 2024 Q1 2025: $2.2B Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $2.3B Q3 2025 Q4 2025: $2.6B Q4 2025 Q1 2026: $2.6B Q1 2026 Q2 2026: $3.0B $3.0B Q2 2026

Holdings 142 stocks · $3.0B
QUAL iShares MSCI USA Quality Fac 8.56% 1,167,255 $256.1M Reduce -2.9%
VLUE iShares MSCI USA Value Facto 7.13% 1,066,732 $213.1M Reduce -7.5%
EEMV iShares MSCI Emg MKT Min Vol 5.78% 2,294,992 $172.8M Reduce -2.2%
KBWB Invesco KBW Bank ETF 5.50% 1,767,605 $164.4M Reduce -3.3%
BINC iShares Flex I A ETF-Usd Inc. 5.37% 3,067,790 $160.6M Add +18.3%
EFAV iShares MSCI Eafe Min Vol Fa 4.90% 1,671,587 $146.6M Reduce -2.5%
VYM Vanguard High DVD Yield ETF 4.34% 820,989 $129.7M Reduce -7.7%
AAPL Apple Inc. 3.93% 405,851 $117.4M Reduce -5.5%
IFRA iShares US Infrastructure 3.36% 1,592,700 $100.4M Reduce -7.6%
IEMG iShares Core MSCI Emerging 3.20% 1,155,957 $95.8M Reduce -5.9%
XLK SS Technology Select Sector 2.87% 450,797 $85.9M Reduce -7.3%
VEU Vanguard Ftse All-World Ex-U 2.47% 881,721 $73.8M Add +0.0%
VUSB Vanguard Ultra Short Bond Et 2.39% 1,437,741 $71.6M Add +0.9%
ARTY iShares Future AI & Tech ETF 2.36% 930,967 $70.5M Reduce -2.5%
IVV iShares Core S&P 500 ETF 2.09% 83,433 $62.5M Reduce -26.5%
RSP Invesco S&P 500 Equal Weight 2.07% 290,918 $61.9M Add +0.2%
IWY iShares Russell Top 200 Grow 1.97% 203,184 $59.0M Add +0.9%
JPM JPMorgan Chase & Co. 1.77% 162,098 $53.1M Reduce -0.2%
GS Goldman Sachs Group Inc. 1.64% 48,491 $49.0M No change
CAT Caterpillar Inc. 1.44% 40,314 $42.9M Reduce -14.4%
BRK.B Berkshire Hathaway Inc. Class B 1.37% 81,672 $40.9M Reduce -0.3%
IQLT iShares MSCI International Q 1.29% 779,050 $38.6M No change
XLV SS Health Care Select Sector 1.23% 232,139 $36.8M Reduce -0.2%
KBE SS SPDR S&P Bank ETF 1.23% 537,221 $36.6M Reduce -0.1%
IGSB iShares 1-5Y Inv Grade Corp. 1.16% 662,380 $34.7M Add +151.5%
CMI Cummins Inc. 1.11% 46,586 $33.2M Reduce -9.0%
BAI Ishrs AI in and Tech Act ETF 1.05% 598,286 $31.5M Add +7.5%
IDEF Ishars Def Ind TC Ac ETF-Ui 0.92% 865,845 $27.5M Add +7.6%
PWB Invesco Large Cap Growth ETF 0.91% 160,799 $27.1M Reduce -1.9%
PRF Invesco Rafi US 1000 ETF 0.89% 495,030 $26.7M No change
VIG Vanguard Dividend Apprec ETF 0.82% 104,183 $24.7M Reduce -8.6%
PWR Quanta Services Inc. 0.81% 33,545 $24.2M Reduce -13.5%
XLF SS Financial Select Sector 0.78% 436,687 $23.4M Add +1.6%
VWO Vanguard Ftse Emerging Marke 0.78% 388,891 $23.2M Reduce -2.0%
HDV iShares Core High Dividend E 0.73% 799,575 $21.9M Reduce -16.9%
BAC Bank of America Corp. 0.71% 374,259 $21.3M Reduce -1.1%
GII State Street SPDR S&P Global 0.65% 254,990 $19.3M No change
IHF iShares U.S. Healthcare Prov 0.62% 335,810 $18.6M No change
GOOGL Alphabet Inc. Class A 0.59% 21,181 $17.6M Reduce -8.7%
IHAK iShares Cybersecurity & Tech 0.59% 288,965 $17.5M Reduce -9.1%
XT Ishar Fture Exp Tech ETF-Usd 0.56% 202,875 $16.8M No change
CSCO Cisco Systems Inc. 0.55% 140,534 $16.5M No change
IHI iShares U.S. Medical Devices 0.45% 273,580 $13.5M Reduce -6.6%
OEF iShares S&P 100 ETF 0.40% 33,074 $12.1M Add +3.7%
PWV Invesco Large Cap Value ETF 0.39% 155,635 $11.8M No change
EXI iShares Global Industrials E 0.39% 58,345 $11.7M No change
SOXX iShares Semiconductor ETF 0.33% 15,330 $9.8M Reduce -3.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.33% 40,400 $9.8M Reduce -24.4%
GM General Motors Co. 0.31% 120,725 $9.3M No change
IDNA iShares Gen-Immunology HLTH 0.30% 268,472 $9.1M Reduce -0.6%
MCHI iShares MSCI China ETF 0.28% 166,865 $8.5M No change
J Jacobs Solutions Inc. 0.26% 62,600 $7.9M Add +0.3%
FDX FedEx Corp. 0.25% 23,411 $7.3M Add +24.7%
C Citigroup Inc. 0.24% 50,778 $7.1M Reduce -0.2%
UNP Union Pacific Corp. 0.22% 24,731 $6.7M Reduce -1.2%
USMV iShares MSCI USA Min Vol Fac 0.21% 66,592 $6.4M Reduce -0.8%
CSX CSX Corp. 0.20% 126,685 $6.0M No change
MSFT Microsoft Corp. 0.17% 13,443 $5.0M Add +0.2%
TXT Textron Inc. 0.16% 52,320 $4.8M No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.15% 2,270 $4.5M Reduce -0.7%
XVV iShares ESG Select Screened 0.14% 75,920 $4.3M Reduce -0.7%
IWF iShares Russell 1000 Growth 0.14% 34,088 $4.2M Reduce -0.3%
EMB iShares JP Morgan Usd Emergi 0.14% 42,115 $4.1M Reduce -0.3%
NVDA Nvidia Corp. 0.10% 15,606 $3.1M Add +0.7%
XPH SS SPDR S&P Pharma ETF 0.10% 46,395 $3.1M No change
IEFA iShares Core MSCI Eafe ETF 0.09% 29,093 $2.8M Reduce -1.4%
AMZN Amazon.com Inc. 0.09% 11,395 $2.7M No change
XLI SS Industrial Select Sector 0.08% 13,632 $2.5M Reduce -2.4%
JBHT Hunt (jb) Transprt SVCS Inc. 0.08% 7,961 $2.3M Reduce -5.2%
SMLF iShares US Smallcap Equity F 0.06% 21,700 $1.9M No change
CNYA iShares MSCI China A ETF 0.06% 43,605 $1.7M No change
GOOG Alphabet Inc. Class C 0.05% 4,642 $1.6M No change
CHIQ Global X MSCI China Consumer 0.05% 98,567 $1.6M No change
WFC Wells Fargo & Co. 0.05% 17,675 $1.5M No change
CTAS Cintas Corp. 0.05% 8,128 $1.4M No change
EEMA iShares MSCI Emerg MRKT Asia 0.05% 11,722 $1.4M Reduce -3.1%
META Meta Platforms Inc. Class A 0.05% 2,424 $1.4M Reduce -6.4%
DFAC Dimensional US Core Equity 2 0.05% 30,402 $1.3M No change
STBA S & T Bancorp Inc. 0.04% 27,033 $1.3M Add +2.9%
GEV GE Vernova Inc. 0.04% 1,000 $1.2M Reduce -11.9%
SW Smurfit Westrock PLC 0.04% 24,424 $1.1M Reduce -1.8%
VCSH Vanguard S/T Corp. Bond ETF 0.04% 13,605 $1.1M Add +4.9%
NN Nextnav Inc. 0.03% 56,360 $1.0M No change
FXI iShares China Large-Cap ETF 0.03% 31,703 $1.0M No change
DGRW Wisdomtree U.S. Quality Divi 0.03% 10,345 $989K No change
MPB Mid Penn Bancorp Inc. 0.03% 27,108 $944K No change
DFAX Dimensional World Ex US Core 0.03% 25,090 $924K No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.03% 5,410 $884K No change
INTC Intel Corp. 0.03% 6,165 $861K Reduce -8.0%
LLY Eli Lilly & Co. 0.03% 665 $798K No change
HEEM iShares Crncy Hedgd MSCI Em 0.02% 15,865 $710K Reduce -2.7%
BNY Bank of New York Mellon Corp. 0.02% 4,780 $691K No change
PNC PNC Financial Services Group 0.02% 2,656 $654K No change
MS Morgan Stanley 0.02% 2,909 $608K Reduce -1.5%
VONG Vanguard Russell 1000 Growth 0.02% 4,660 $596K No change
ADBE Adobe Inc. 0.02% 2,723 $558K No change
TXN Texas Instruments Inc. 0.02% 1,715 $511K No change
WTV Wisdomtree U.S. Value Fund 0.02% 4,885 $497K No change
LRCX Lam Research Corp. 0.02% 1,140 $494K No change
PSCT Invesco S&P Smallcap Informa 0.02% 5,230 $483K No change

Show all 142 holdings

Portfolio Sells Q1 2026 → Q2 2026
EFAV iShares MSCI Eafe Min Vol Fa Reduce -2.5% 4.90% −1.01
IVV iShares Core S&P 500 ETF Reduce -26.5% 2.09% −0.71
VYM Vanguard High DVD Yield ETF Reduce -7.7% 4.34% −0.64
IFRA iShares US Infrastructure Reduce -7.6% 3.36% −0.37
HDV iShares Core High Dividend E Reduce -16.9% 0.73% −0.25
AAPL Apple Inc. Reduce -5.5% 3.93% −0.19
QUAL iShares MSCI USA Quality Fac Reduce -2.9% 8.56% −0.14
IHI iShares U.S. Medical Devices Reduce -6.6% 0.45% −0.14
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.3% 1.37% −0.12
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -24.4% 0.33% −0.11
VIG Vanguard Dividend Apprec ETF Reduce -8.6% 0.82% −0.10
XLV SS Health Care Select Sector Reduce -0.2% 1.23% −0.06
IEMG iShares Core MSCI Emerging Reduce -5.9% 3.20% −0.04
VWO Vanguard Ftse Emerging Marke Reduce -2.0% 0.78% −0.03
JPM JPMorgan Chase & Co. Reduce -0.2% 1.77% −0.03
USMV iShares MSCI USA Min Vol Fac Reduce -0.8% 0.21% −0.02
EMB iShares JP Morgan Usd Emergi Reduce -0.3% 0.14% −0.01
META Meta Platforms Inc. Class A Reduce -6.4% 0.05% −0.01
ACN Accenture PLC Class A Sold out 0.00% −0.01
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.01
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -1.4% 0.09% −0.01
CVX Chevron Corp. Reduce -3.1% 0.01% −0.01
PFF iShares Preferred & Income S Reduce -18.4% 0.01% −0.01
COP Conocophillips Reduce -3.4% 0.01% −0.01
UNP Union Pacific Corp. Reduce -1.2% 0.22% −0.00
VRT Vertiv Holdings Co. Class A Reduce -39.7% 0.01% −0.00
ORCL Oracle Corp. Reduce -8.7% 0.01% −0.00
EPP iShares MSCI Pacific Ex Japa Reduce -12.7% 0.01% −0.00
SUSL iShares ESG MSCI USA Leaders Reduce -19.3% 0.01% −0.00
SPGP Invesco S&P 500 Garp ETF Reduce -15.7% 0.01% −0.00
CI The Cigna Group Reduce -0.7% 0.01% −0.00
DIS The Walt Disney Co. Reduce -1.3% 0.01% −0.00
XLI SS Industrial Select Sector Reduce -2.4% 0.08% −0.00
VHT Vanguard Health Care ETF Reduce -0.7% 0.02% −0.00
PBE Invesco Biotechnology & Geno Reduce -1.6% 0.01% −0.00
SW Smurfit Westrock PLC Reduce -1.8% 0.04% +0.00
HEEM iShares Crncy Hedgd MSCI Em Reduce -2.7% 0.02% +0.00
GEV GE Vernova Inc. Reduce -11.9% 0.04% +0.00
XVV iShares ESG Select Screened Reduce -0.7% 0.14% +0.00
MS Morgan Stanley Reduce -1.5% 0.02% +0.00
EEMA iShares MSCI Emerg MRKT Asia Reduce -3.1% 0.05% +0.00
PWR Quanta Services Inc. Reduce -13.5% 0.81% +0.00
IWF iShares Russell 1000 Growth Reduce -0.3% 0.14% +0.00
IDNA iShares Gen-Immunology HLTH Reduce -0.6% 0.30% +0.01
JBHT Hunt (jb) Transprt SVCS Inc. Reduce -5.2% 0.08% +0.01
KBE SS SPDR S&P Bank ETF Reduce -0.1% 1.23% +0.02
BAC Bank of America Corp. Reduce -1.1% 0.71% +0.02
INTC Intel Corp. Reduce -8.0% 0.03% +0.02
C Citigroup Inc. Reduce -0.2% 0.24% +0.02

Portfolio Buys Q1 2026 → Q2 2026
IGSB iShares 1-5Y Inv Grade Corp. Add +151.5% 1.16% +0.64
BAI Ishrs AI in and Tech Act ETF Add +7.5% 1.05% +0.36
BINC iShares Flex I A ETF-Usd Inc. Add +18.3% 5.37% +0.28
IWY iShares Russell Top 200 Grow Add +0.9% 1.97% +0.08
OEF iShares S&P 100 ETF Add +3.7% 0.40% +0.02
DELL Dell Technologies -C New 0.01% +0.01
V Visa Inc. Class A New 0.01% +0.01
UNH Unitedhealth Group Inc. New 0.01% +0.01
ABBV Abbvie Inc. New 0.01% +0.01
STBA S & T Bancorp Inc. Add +2.9% 0.04% +0.00
NVDA Nvidia Corp. Add +0.7% 0.10% +0.00
HD Home Depot Inc. Add +1.6% 0.01% −0.00
PTY PIMCO Corporate & Income Opp Add +3.0% 0.01% −0.00
AMGN Amgen Inc. Add +0.1% 0.01% −0.00
VCSH Vanguard S/T Corp. Bond ETF Add +4.9% 0.04% −0.00
FDX FedEx Corp. Add +24.7% 0.25% −0.01
XLF SS Financial Select Sector Add +1.6% 0.78% −0.02
MSFT Microsoft Corp. Add +0.2% 0.17% −0.02
VEU Vanguard Ftse All-World Ex-U Add +0.0% 2.47% −0.03
RSP Invesco S&P 500 Equal Weight Add +0.2% 2.07% −0.03
J Jacobs Solutions Inc. Add +0.3% 0.26% −0.04
IDEF Ishars Def Ind TC Ac ETF-Ui Add +7.6% 0.92% −0.11
VUSB Vanguard Ultra Short Bond Et Add +0.9% 2.39% −0.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 142$3.0BQUAL, VLUE, EEMV, KBWB, BINC
Q1 2026 141$2.6BQUAL, VLUE, EFAV, EEMV, KBWB
Q4 2025 141$2.6BQUAL, VLUE, KBWB, EFAV, EEMV
Q3 2025 140$2.3BVLUE, EFAV, EEMV, KBWB, VYM
Q2 2025 137$2.4BQUAL, EFAV, EEMV, KBWB, VLUE
Q1 2025 137$2.2BQUAL, VLUE, EEMV, EFAV, VYM
Q4 2024 137$2.2BQUAL, VLUE, EEMV, EFAV, KBWB
Q3 2024 141$2.2BQUAL, VLUE, KBWB, VYM, EEMV
Q2 2024 138$1.9BQUAL, VLUE, EEMV, EFAV, AAPL
Q1 2024 135$2.1BVUSB, QUAL, VLUE, EEMV, EFAV