Wharton Business Group, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Wharton Business Group, LLC reported 138 stock positions worth $1.9 billion. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 11.1% of the portfolio, followed by iShares MSCI USA Value Facto (VLUE, 6.0%) and iShares MSCI Emg MKT Min Vol (EEMV, 5.9%). Compared with Q1 2024, it opened 4 new positions, sold out of 1, added to 40 and reduced 50. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +0%) and the biggest sale Vanguard Ultra Short Bond Et (VUSB, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- MALVERN, PA
- CIK
- 0001513126
- Portfolio Value
- $1.9B (Q2 2024)
- SEC Filing
- 0001513126-24-000002 ↗ filed Aug 12, 2024
Holdings Value
Holdings 138 stocks · $1.9B
| QUAL iShares MSCI USA Quality Fac | 11.14% | 1,263,292 | $215.7M | Reduce -0.6% |
| VLUE iShares MSCI USA Value Facto | 5.96% | 1,116,091 | $115.5M | Add +0.7% |
| EEMV iShares MSCI Emg MKT Min Vol | 5.87% | 1,986,683 | $113.7M | Reduce -3.1% |
| EFAV iShares MSCI Eafe Min Vol Fa | 5.84% | 1,629,436 | $113.0M | Add +0.8% |
| AAPL Apple Inc. | 4.80% | 441,317 | $93.0M | Reduce -1.8% |
| VYM Vanguard High DVD Yield ETF | 4.57% | 746,617 | $88.5M | Add +0.3% |
| KBWB Invesco KBW Bank ETF | 4.31% | 1,559,663 | $83.4M | Reduce -2.0% |
| IEMG iShares Core MSCI Emerging | 4.12% | 1,491,549 | $79.8M | Add +0.1% |
| VUSB Vanguard Ultra Short Bond Et | 3.73% | 1,460,079 | $72.3M | Reduce -67.5% |
| XLK SS Technology Select Sector | 3.34% | 286,230 | $64.8M | Reduce -2.2% |
| IVV iShares Core S&P 500 ETF | 2.69% | 95,111 | $52.0M | Reduce -0.8% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.46% | 912,315 | $47.6M | Add +2.4% |
| IFRA iShares US Infrastructure | 2.38% | 1,091,920 | $46.0M | Add +1.0% |
| IWY iShares Russell Top 200 Grow | 2.21% | 199,656 | $42.8M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 2.05% | 196,624 | $39.8M | Reduce -0.2% |
| VEU Vanguard Ftse All-World Ex-U | 2.02% | 665,485 | $39.0M | Add +0.0% |
| XLV SS Health Care Select Sector | 1.78% | 236,159 | $34.4M | Add +0.0% |
| RSP Invesco S&P 500 Equal Weight | 1.62% | 190,738 | $31.3M | Reduce -18.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.52% | 72,567 | $29.5M | Reduce -0.2% |
| GS Goldman Sachs Group Inc. | 1.37% | 58,777 | $26.6M | Add +0.1% |
| HDV iShares Core High Dividend E | 1.24% | 221,679 | $24.1M | Reduce -4.7% |
| VWO Vanguard Ftse Emerging Marke | 1.12% | 495,520 | $21.7M | Add +1.1% |
| VIG Vanguard Dividend Apprec ETF | 1.07% | 113,773 | $20.8M | Add +1.0% |
| KBE SS SPDR S&P Bank ETF | 1.02% | 427,406 | $19.8M | Reduce -1.0% |
| PRF Invesco Rafi US 1000 ETF | 0.97% | 493,135 | $18.7M | No change |
| CAT Caterpillar Inc. | 0.94% | 54,818 | $18.3M | Reduce -1.6% |
| XLF SS Financial Select Sector | 0.92% | 430,953 | $17.7M | Reduce -0.7% |
| IHF iShares U.S. Healthcare Prov | 0.91% | 335,550 | $17.6M | No change |
| CMI Cummins Inc. | 0.84% | 58,986 | $16.3M | Reduce -0.9% |
| PWB Invesco Large Cap Growth ETF | 0.82% | 168,364 | $15.9M | Reduce -1.4% |
| IQLT iShares MSCI International Q | 0.79% | 390,835 | $15.3M | Add +1.1% |
| IHI iShares U.S. Medical Devices | 0.78% | 268,780 | $15.1M | Add +0.7% |
| XLI SS Industrial Select Sector | 0.77% | 122,863 | $15.0M | Add +0.0% |
| PWR Quanta Services Inc. | 0.73% | 55,520 | $14.1M | Reduce -0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.73% | 353,726 | $14.1M | Reduce -2.9% |
| MCHI iShares MSCI China ETF | 0.68% | 312,325 | $13.2M | No change |
| EEMA iShares MSCI Emerg MRKT Asia | 0.63% | 168,392 | $12.2M | Reduce -0.3% |
| J Jacobs Solutions Inc. | 0.63% | 87,005 | $12.2M | Add +0.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.62% | 65,566 | $12.0M | Add +0.1% |
| EXI iShares Global Industrials E | 0.59% | 84,695 | $11.4M | No change |
| PWV Invesco Large Cap Value ETF | 0.51% | 179,262 | $9.9M | Reduce -0.6% |
| IHAK iShares Cybersecurity & Tech | 0.49% | 206,760 | $9.5M | Add +4.3% |
| UNP Union Pacific Corp. | 0.48% | 41,166 | $9.3M | Reduce -0.5% |
| ARTY iShares Future AI & Tech ETF | 0.42% | 245,097 | $8.1M | Add +6.3% |
| MSFT Microsoft Corp. | 0.42% | 17,993 | $8.0M | Reduce -2.9% |
| OEF iShares S&P 100 ETF | 0.39% | 28,629 | $7.6M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 0.37% | 39,484 | $7.2M | Reduce -0.6% |
| CSCO Cisco Systems Inc. | 0.34% | 140,518 | $6.7M | Reduce -0.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.33% | 76,724 | $6.4M | Reduce -9.7% |
| WRK Westrock Co. | 0.33% | 127,586 | $6.4M | Reduce -0.9% |
| IDNA iShares Gen-Immunology HLTH | 0.32% | 270,899 | $6.3M | Add +0.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.30% | 114,435 | $5.9M | Reduce -0.4% |
| GM General Motors Co. | 0.29% | 120,920 | $5.6M | Reduce -0.1% |
| FDX FedEx Corp. | 0.28% | 18,261 | $5.5M | Reduce -0.0% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.23% | 28,427 | $4.5M | Reduce -6.8% |
| TXT Textron Inc. | 0.23% | 52,320 | $4.5M | No change |
| CSX CSX Corp. | 0.21% | 119,855 | $4.0M | No change |
| IWF iShares Russell 1000 Growth | 0.20% | 10,870 | $4.0M | Add +0.1% |
| EMB iShares JP Morgan Usd Emergi | 0.19% | 42,225 | $3.7M | Reduce -0.6% |
| XVV iShares ESG Select Screened | 0.19% | 86,400 | $3.6M | No change |
| C Citigroup Inc. | 0.17% | 52,003 | $3.3M | Reduce -11.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.12% | 32,627 | $2.4M | Add +5.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.12% | 2,195 | $2.2M | Reduce -14.8% |
| AMZN Amazon.com Inc. | 0.10% | 10,388 | $2.0M | Add +0.5% |
| NVDA Nvidia Corp. | 0.10% | 15,706 | $1.9M | Add +11.8% |
| MPB Mid Penn Bancorp Inc. | 0.10% | 84,338 | $1.9M | No change |
| SMLF iShares US Smallcap Equity F | 0.10% | 30,049 | $1.8M | Reduce -0.1% |
| CHIQ Global X MSCI China Consumer | 0.09% | 107,917 | $1.8M | No change |
| SIZE iShares MSCI USA Size Factor | 0.09% | 12,785 | $1.8M | Reduce -0.2% |
| XPH SS SPDR S&P Pharma ETF | 0.09% | 43,845 | $1.7M | No change |
| XT Ishar Fture Exp Tech ETF-Usd | 0.08% | 27,270 | $1.6M | Reduce -0.3% |
| ADBE Adobe Inc. | 0.07% | 2,400 | $1.3M | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.06% | 2,487 | $1.3M | Add +2.6% |
| VHT Vanguard Health Care ETF | 0.06% | 4,628 | $1.2M | Reduce -0.6% |
| CNYA iShares MSCI China A ETF | 0.06% | 43,675 | $1.1M | Reduce -0.1% |
| HEEM iShares Crncy Hedgd MSCI Em | 0.06% | 40,595 | $1.1M | No change |
| WFC Wells Fargo & Co. | 0.05% | 17,700 | $1.1M | No change |
| FXI iShares China Large-Cap ETF | 0.05% | 38,953 | $1.0M | No change |
| IDV iShares International Select | 0.05% | 35,925 | $994K | Add +6.2% |
| PFF iShares Preferred & Income S | 0.05% | 29,895 | $943K | Reduce -3.1% |
| STBA S & T Bancorp Inc. | 0.04% | 25,905 | $865K | Add +0.2% |
| DGRW Wisdomtree U.S. Quality Divi | 0.04% | 10,345 | $807K | No change |
| AGG iShares Core U.S. Aggregate | 0.04% | 7,451 | $723K | New |
| LMT Lockheed Martin Corp. | 0.04% | 1,495 | $698K | Reduce -7.7% |
| INTU Intuit Inc. | 0.04% | 1,048 | $689K | Add +1.3% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.03% | 3,410 | $673K | New |
| ILCG iShares Morningstar Growth E | 0.03% | 7,985 | $650K | No change |
| ORCL Oracle Corp. | 0.03% | 4,469 | $631K | Add +2.5% |
| GOOG Alphabet Inc. Class C | 0.03% | 3,388 | $621K | Add +3.9% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.03% | 5,050 | $598K | No change |
| MS Morgan Stanley | 0.03% | 5,789 | $563K | No change |
| LLY Eli Lilly & Co. | 0.03% | 605 | $548K | Add +5.2% |
| DHR Danaher Corp. | 0.03% | 2,163 | $540K | Add +2.0% |
| ESGE iShares Inc. iShares ESG Awar | 0.03% | 15,990 | $536K | No change |
| INTC Intel Corp. | 0.03% | 16,142 | $500K | No change |
| CI The Cigna Group | 0.03% | 1,501 | $496K | No change |
| SUSL iShares ESG MSCI USA Leaders | 0.03% | 4,990 | $486K | No change |
| ICE Intercontinental Exchange Inc. | 0.02% | 3,496 | $479K | Add +0.3% |
| BLK BlackRock Finance Inc. | 0.02% | 603 | $475K | No change |
| PAYX Paychex Inc. | 0.02% | 3,715 | $440K | Reduce -1.6% |
Portfolio Sells Q1 2024 → Q2 2024
| VUSB Vanguard Ultra Short Bond Et | Reduce -67.5% | 3.73% | −6.97 |
| RSP Invesco S&P 500 Equal Weight | Reduce -18.7% | 1.62% | −0.29 |
| UPS United Parcel Service Class B | Reduce -76.1% | 0.02% | −0.07 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -6.8% | 0.23% | −0.06 |
| CAT Caterpillar Inc. | Reduce -1.6% | 0.94% | −0.04 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -9.7% | 0.33% | −0.01 |
| UNP Union Pacific Corp. | Reduce -0.5% | 0.48% | −0.01 |
| C Citigroup Inc. | Reduce -11.0% | 0.17% | −0.01 |
| PNC PNC Financial Services Group | Reduce -36.3% | 0.01% | −0.01 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -14.8% | 0.12% | −0.00 |
| DIS The Walt Disney Co. | Reduce -3.0% | 0.01% | −0.00 |
| JNJ Johnson & Johnson | Reduce -2.6% | 0.02% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -16.6% | 0.01% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -2.7% | 0.01% | −0.00 |
| CMI Cummins Inc. | Reduce -0.9% | 0.84% | +0.00 |
| PBE Invesco Biotechnology & Geno | Reduce -3.5% | 0.01% | +0.00 |
| PAYX Paychex Inc. | Reduce -1.6% | 0.02% | +0.00 |
| LMT Lockheed Martin Corp. | Reduce -7.7% | 0.04% | +0.00 |
| PFF iShares Preferred & Income S | Reduce -3.1% | 0.05% | +0.00 |
| CNYA iShares MSCI China A ETF | Reduce -0.1% | 0.06% | +0.00 |
| VHT Vanguard Health Care ETF | Reduce -0.6% | 0.06% | +0.00 |
| SIZE iShares MSCI USA Size Factor | Reduce -0.2% | 0.09% | +0.00 |
| SMLF iShares US Smallcap Equity F | Reduce -0.1% | 0.10% | +0.00 |
| XT Ishar Fture Exp Tech ETF-Usd | Reduce -0.3% | 0.08% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 0.34% | +0.01 |
| EMB iShares JP Morgan Usd Emergi | Reduce -0.6% | 0.19% | +0.01 |
| HDV iShares Core High Dividend E | Reduce -4.7% | 1.24% | +0.01 |
| PWV Invesco Large Cap Value ETF | Reduce -0.6% | 0.51% | +0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -0.4% | 0.30% | +0.02 |
| WRK Westrock Co. | Reduce -0.9% | 0.33% | +0.03 |
| GM General Motors Co. | Reduce -0.1% | 0.29% | +0.03 |
| FDX FedEx Corp. | Reduce -0.0% | 0.28% | +0.03 |
| PWR Quanta Services Inc. | Reduce -0.4% | 0.73% | +0.03 |
| XLF SS Financial Select Sector | Reduce -0.7% | 0.92% | +0.04 |
| MSFT Microsoft Corp. | Reduce -2.9% | 0.42% | +0.04 |
| OEF iShares S&P 100 ETF | Reduce -2.1% | 0.39% | +0.04 |
| KBE SS SPDR S&P Bank ETF | Reduce -1.0% | 1.02% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.2% | 1.52% | +0.05 |
| BAC Bank of America Corp. | Reduce -2.9% | 0.73% | +0.06 |
| EEMA iShares MSCI Emerg MRKT Asia | Reduce -0.3% | 0.63% | +0.08 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 0.37% | +0.08 |
| PWB Invesco Large Cap Growth ETF | Reduce -1.4% | 0.82% | +0.09 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 2.05% | +0.16 |
| KBWB Invesco KBW Bank ETF | Reduce -2.0% | 4.31% | +0.20 |
| IVV iShares Core S&P 500 ETF | Reduce -0.8% | 2.69% | +0.26 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -3.1% | 5.87% | +0.29 |
| IWY iShares Russell Top 200 Grow | Reduce -0.1% | 2.21% | +0.34 |
| XLK SS Technology Select Sector | Reduce -2.2% | 3.34% | +0.41 |
| QUAL iShares MSCI USA Quality Fac | Reduce -0.6% | 11.14% | +1.09 |
Portfolio Buys Q1 2024 → Q2 2024
| IEMG iShares Core MSCI Emerging | Add +0.1% | 4.12% | +0.43 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +0.8% | 5.84% | +0.33 |
| VYM Vanguard High DVD Yield ETF | Add +0.3% | 4.57% | +0.24 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +2.4% | 2.46% | +0.21 |
| GS Goldman Sachs Group Inc. | Add +0.1% | 1.37% | +0.19 |
| VLUE iShares MSCI USA Value Facto | Add +0.7% | 5.96% | +0.19 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.0% | 2.02% | +0.14 |
| VWO Vanguard Ftse Emerging Marke | Add +1.1% | 1.12% | +0.14 |
| IFRA iShares US Infrastructure | Add +1.0% | 2.38% | +0.12 |
| XLV SS Health Care Select Sector | Add +0.0% | 1.78% | +0.10 |
| VIG Vanguard Dividend Apprec ETF | Add +1.0% | 1.07% | +0.08 |
| IQLT iShares MSCI International Q | Add +1.1% | 0.79% | +0.05 |
| IHAK iShares Cybersecurity & Tech | Add +4.3% | 0.49% | +0.04 |
| ARTY iShares Future AI & Tech ETF | Add +6.3% | 0.42% | +0.04 |
| NVDA Nvidia Corp. | Add +11.8% | 0.10% | +0.04 |
| AGG iShares Core U.S. Aggregate | New | 0.04% | +0.04 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | New | 0.03% | +0.03 |
| XLI SS Industrial Select Sector | Add +0.0% | 0.77% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.20% | +0.03 |
| IHI iShares U.S. Medical Devices | Add +0.7% | 0.78% | +0.03 |
| AMZN Amazon.com Inc. | Add +0.5% | 0.10% | +0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +0.1% | 0.62% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +5.8% | 0.12% | +0.01 |
| TLT iShares 20+ Year Treasury BD | New | 0.01% | +0.01 |
| IDNA iShares Gen-Immunology HLTH | Add +0.5% | 0.32% | +0.01 |
| ADBE Adobe Inc. | Add +0.3% | 0.07% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +3.9% | 0.03% | +0.01 |
| META Meta Platforms Inc. Class A | Add +2.6% | 0.06% | +0.01 |
| LLY Eli Lilly & Co. | Add +5.2% | 0.03% | +0.01 |
| ORCL Oracle Corp. | Add +2.5% | 0.03% | +0.01 |
| DVYE iShares Emerging Markets Div | Add +36.1% | 0.02% | +0.01 |
| IDV iShares International Select | Add +6.2% | 0.05% | +0.01 |
| STBA S & T Bancorp Inc. | Add +0.2% | 0.04% | +0.00 |
| AMGN Amgen Inc. | Add +4.6% | 0.02% | +0.00 |
| INTU Intuit Inc. | Add +1.3% | 0.04% | +0.00 |
| TXN Texas Instruments Inc. | Add +0.6% | 0.02% | +0.00 |
| DHR Danaher Corp. | Add +2.0% | 0.03% | +0.00 |
| ICE Intercontinental Exchange Inc. | Add +0.3% | 0.02% | +0.00 |
| ADSK Autodesk Inc. | Add +2.6% | 0.02% | +0.00 |
| V Visa Inc. Class A | Add +6.2% | 0.01% | +0.00 |
| MA Mastercard Inc. Class A | Add +4.4% | 0.01% | +0.00 |
| ACN Accenture PLC Class A | Add +0.5% | 0.02% | −0.00 |
| J Jacobs Solutions Inc. | Add +0.0% | 0.63% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 142 | $3.0B | QUAL, VLUE, EEMV, KBWB, BINC |
| Q1 2026 | 141 | $2.6B | QUAL, VLUE, EFAV, EEMV, KBWB |
| Q4 2025 | 141 | $2.6B | QUAL, VLUE, KBWB, EFAV, EEMV |
| Q3 2025 | 140 | $2.3B | VLUE, EFAV, EEMV, KBWB, VYM |
| Q2 2025 | 137 | $2.4B | QUAL, EFAV, EEMV, KBWB, VLUE |
| Q1 2025 | 137 | $2.2B | QUAL, VLUE, EEMV, EFAV, VYM |
| Q4 2024 | 137 | $2.2B | QUAL, VLUE, EEMV, EFAV, KBWB |
| Q3 2024 | 141 | $2.2B | QUAL, VLUE, KBWB, VYM, EEMV |
| Q2 2024 | 138 | $1.9B | QUAL, VLUE, EEMV, EFAV, AAPL |
| Q1 2024 | 135 | $2.1B | VUSB, QUAL, VLUE, EEMV, EFAV |