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

0$1.0B$2.0B$3.0B Q1 2024: $2.1B Q1 2024 Q2 2024: $1.9B $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 Q2 2026

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%
VONG Vanguard Russell 1000 Growth 0.02% 4,660 $437K No change
ACN Accenture PLC Class A 0.02% 1,357 $412K Add +0.5%
JNJ Johnson & Johnson 0.02% 2,810 $411K Reduce -2.6%
UPS United Parcel Service Class B 0.02% 2,845 $389K Reduce -76.1%
AMGN Amgen Inc. 0.02% 1,176 $367K Add +4.6%
ADSK Autodesk Inc. 0.02% 1,482 $367K Add +2.6%
CRBN Ish Low Car Opt Ms Ac ETF-US 0.02% 1,950 $357K No change
WTV Wisdomtree U.S. Value Fund 0.02% 4,885 $357K No change
COP Conocophillips 0.02% 3,065 $351K No change
CVX Chevron Corp. 0.02% 2,219 $347K No change
TXN Texas Instruments Inc. 0.02% 1,725 $336K Add +0.6%
DVYE iShares Emerging Markets Div 0.02% 12,060 $328K Add +36.1%
EPP iShares MSCI Pacific Ex Japa 0.02% 7,562 $325K No change
EFV iShares MSCI Eafe Value ETF 0.02% 5,960 $316K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.02% 1,858 $298K No change
CGNX Cognex Corp. 0.02% 6,270 $293K No change
SPGP Invesco S&P 500 Garp ETF 0.01% 2,830 $291K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 2,912 $289K Reduce -3.0%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 4,780 $286K No change
CINF Cincinnati Financial Corp. 0.01% 2,282 $270K No change
WELL Welltower Inc. 0.01% 2,555 $266K No change
SUSC iShares ESG Aware Usd Corpor 0.01% 11,565 $263K No change
PNC PNC Financial Services Group 0.01% 1,692 $263K Reduce -36.3%
UNH Unitedhealth Group Inc. 0.01% 504 $257K No change
MA Mastercard Inc. Class A 0.01% 565 $249K Add +4.4%
PSCT Invesco S&P Smallcap Informa 0.01% 5,230 $244K No change
PBE Invesco Biotechnology & Geno 0.01% 3,616 $234K Reduce -3.5%
IXJ iShares Global Healthcare Et 0.01% 2,396 $222K No change
TLT iShares 20+ Year Treasury BD 0.01% 2,386 $219K New
V Visa Inc. Class A 0.01% 826 $217K Add +6.2%
VTI VG Morningstar TS MKT ETF-US 0.01% 765 $205K New
QQQ Invesco QQQ Trust Series 1 0.01% 426 $204K Reduce -16.6%
MRK Merck & Co. Inc. 0.01% 1,641 $203K Reduce -2.7%
ICLN iShares Global Clean Energy 0.01% 14,555 $194K No change
FCF First Commonwealth Finl Corp. 0.01% 11,685 $161K No change
BDJ BlackRock Enhanced Eqty DVD 0.01% 19,004 $155K No change
IA Innovative Solutions & Supp 0.01% 19,395 $116K No change
NNVC Nanoviricides Inc. 0.00% 15,736 $27K No change

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

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