Wharton Business Group, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Wharton Business Group, LLC reported 141 stock positions worth $2.2 billion. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 10.2% of the portfolio, followed by iShares MSCI USA Value Facto (VLUE, 6.3%) and Invesco KBW Bank ETF (KBWB, 5.2%). Compared with Q2 2024, it opened 10 new positions, sold out of 8, added to 32 and reduced 40. The biggest buy was Invesco KBW Bank ETF (KBWB, shares +27%) and the biggest sale iShares MSCI Eafe Min Vol Fa (EFAV, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- MALVERN, PA
- CIK
- 0001513126
- Portfolio Value
- $2.2B (Q3 2024)
- SEC Filing
- 0001513126-24-000004 ↗ filed Nov 7, 2024
Holdings Value
Holdings 141 stocks · $2.2B
| QUAL iShares MSCI USA Quality Fac | 10.21% | 1,267,468 | $227.3M | Add +0.3% |
| VLUE iShares MSCI USA Value Facto | 6.32% | 1,290,421 | $140.7M | Add +15.6% |
| KBWB Invesco KBW Bank ETF | 5.23% | 1,987,535 | $116.5M | Add +27.4% |
| VYM Vanguard High DVD Yield ETF | 5.15% | 894,801 | $114.7M | Add +19.9% |
| EEMV iShares MSCI Emg MKT Min Vol | 5.10% | 1,811,748 | $113.6M | Reduce -8.8% |
| AAPL Apple Inc. | 4.61% | 440,809 | $102.7M | Reduce -0.1% |
| EFAV iShares MSCI Eafe Min Vol Fa | 4.23% | 1,229,241 | $94.3M | Reduce -24.6% |
| IEMG iShares Core MSCI Emerging | 3.85% | 1,492,179 | $85.7M | Add +0.0% |
| VUSB Vanguard Ultra Short Bond Et | 3.32% | 1,480,684 | $73.9M | Add +1.4% |
| IFRA iShares US Infrastructure | 3.17% | 1,501,800 | $70.5M | Add +37.5% |
| XLK SS Technology Select Sector | 2.91% | 286,621 | $64.7M | Add +0.1% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.79% | 1,161,375 | $62.2M | Add +27.3% |
| VEU Vanguard Ftse All-World Ex-U | 2.53% | 894,746 | $56.4M | Add +34.5% |
| IVV iShares Core S&P 500 ETF | 2.46% | 94,898 | $54.7M | Reduce -0.2% |
| RSP Invesco S&P 500 Equal Weight | 2.24% | 278,708 | $49.9M | Add +46.1% |
| JPM JPMorgan Chase & Co. | 2.07% | 218,755 | $46.1M | Add +11.3% |
| IWY iShares Russell Top 200 Grow | 2.01% | 203,216 | $44.7M | Add +1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.72% | 83,160 | $38.3M | Add +14.6% |
| XLV SS Health Care Select Sector | 1.64% | 236,480 | $36.4M | Add +0.1% |
| GS Goldman Sachs Group Inc. | 1.52% | 68,412 | $33.9M | Add +16.4% |
| IQLT iShares MSCI International Q | 1.38% | 738,310 | $30.6M | Add +88.9% |
| VWO Vanguard Ftse Emerging Marke | 1.04% | 484,091 | $23.2M | Reduce -2.3% |
| VIG Vanguard Dividend Apprec ETF | 1.02% | 114,558 | $22.7M | Add +0.7% |
| KBE SS SPDR S&P Bank ETF | 1.01% | 425,346 | $22.5M | Reduce -0.5% |
| CAT Caterpillar Inc. | 0.96% | 54,818 | $21.4M | No change |
| HDV iShares Core High Dividend E | 0.91% | 171,822 | $20.2M | Reduce -22.5% |
| PRF Invesco Rafi US 1000 ETF | 0.90% | 493,135 | $20.0M | No change |
| CMI Cummins Inc. | 0.88% | 58,841 | $19.5M | Reduce -0.3% |
| XLF SS Financial Select Sector | 0.87% | 429,698 | $19.5M | Reduce -0.3% |
| IHF iShares U.S. Healthcare Prov | 0.86% | 335,550 | $19.2M | No change |
| SOXX iShares Semiconductor ETF | 0.86% | 82,889 | $19.1M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.75% | 419,857 | $16.7M | Add +18.7% |
| XLI SS Industrial Select Sector | 0.75% | 122,863 | $16.6M | No change |
| PWB Invesco Large Cap Growth ETF | 0.75% | 168,364 | $16.6M | No change |
| PWR Quanta Services Inc. | 0.74% | 55,520 | $16.6M | No change |
| IHI iShares U.S. Medical Devices | 0.74% | 276,850 | $16.4M | Add +3.0% |
| GII State Street SPDR S&P Global | 0.68% | 244,630 | $15.1M | New |
| IHAK iShares Cybersecurity & Tech | 0.65% | 295,060 | $14.4M | Add +42.7% |
| INDA iShares MSCI India ETF | 0.64% | 241,575 | $14.1M | New |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.63% | 228,140 | $13.9M | New |
| EXI iShares Global Industrials E | 0.57% | 84,695 | $12.6M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.56% | 62,593 | $12.6M | Reduce -4.5% |
| ARTY iShares Future AI & Tech ETF | 0.55% | 359,087 | $12.3M | Add +46.5% |
| PWV Invesco Large Cap Value ETF | 0.47% | 179,262 | $10.5M | No change |
| MCHI iShares MSCI China ETF | 0.39% | 169,325 | $8.6M | Reduce -45.8% |
| J Jacobs Solutions Inc. | 0.38% | 65,295 | $8.5M | Reduce -24.9% |
| MSFT Microsoft Corp. | 0.35% | 18,158 | $7.8M | Add +0.9% |
| CSCO Cisco Systems Inc. | 0.34% | 140,519 | $7.5M | Add +0.0% |
| OEF iShares S&P 100 ETF | 0.33% | 26,689 | $7.4M | Reduce -6.8% |
| UNP Union Pacific Corp. | 0.32% | 28,466 | $7.0M | Reduce -30.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.31% | 75,955 | $6.9M | Reduce -1.0% |
| IDNA iShares Gen-Immunology HLTH | 0.30% | 270,899 | $6.7M | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.30% | 126,140 | $6.6M | Add +10.2% |
| SW Smurfit Westrock PLC | 0.28% | 127,586 | $6.3M | New |
| GOOGL Alphabet Inc. Class A | 0.28% | 37,466 | $6.2M | Reduce -5.1% |
| GM General Motors Co. | 0.24% | 120,770 | $5.4M | Reduce -0.1% |
| FDX FedEx Corp. | 0.23% | 18,336 | $5.0M | Add +0.4% |
| TXT Textron Inc. | 0.21% | 52,320 | $4.6M | No change |
| CSX CSX Corp. | 0.19% | 119,855 | $4.1M | No change |
| XT Ishar Fture Exp Tech ETF-Usd | 0.18% | 64,740 | $3.9M | Add +137.4% |
| EMB iShares JP Morgan Usd Emergi | 0.18% | 42,090 | $3.9M | Reduce -0.3% |
| XVV iShares ESG Select Screened | 0.17% | 86,400 | $3.8M | No change |
| IWF iShares Russell 1000 Growth | 0.17% | 10,065 | $3.8M | Reduce -7.4% |
| C Citigroup Inc. | 0.15% | 52,003 | $3.3M | No change |
| MPB Mid Penn Bancorp Inc. | 0.11% | 84,338 | $2.5M | No change |
| CHIQ Global X MSCI China Consumer | 0.10% | 107,917 | $2.3M | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.10% | 28,898 | $2.3M | Reduce -11.4% |
| AMTM Amentum Holdings Inc. | 0.09% | 65,295 | $2.1M | Reduce -24.9% |
| XPH SS SPDR S&P Pharma ETF | 0.09% | 43,845 | $1.9M | No change |
| AMZN Amazon.com Inc. | 0.09% | 10,283 | $1.9M | Reduce -1.0% |
| NVDA Nvidia Corp. | 0.08% | 15,266 | $1.9M | Reduce -2.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.08% | 2,198 | $1.8M | Add +0.1% |
| EEMA iShares MSCI Emerg MRKT Asia | 0.07% | 20,597 | $1.6M | Reduce -87.8% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.07% | 9,117 | $1.6M | Reduce -67.9% |
| SMLF iShares US Smallcap Equity F | 0.07% | 22,125 | $1.5M | Reduce -26.4% |
| META Meta Platforms Inc. Class A | 0.06% | 2,424 | $1.4M | Reduce -2.5% |
| CNYA iShares MSCI China A ETF | 0.06% | 43,675 | $1.3M | No change |
| VHT Vanguard Health Care ETF | 0.06% | 4,614 | $1.3M | Reduce -0.3% |
| ADBE Adobe Inc. | 0.06% | 2,398 | $1.2M | Reduce -0.1% |
| FXI iShares China Large-Cap ETF | 0.06% | 38,953 | $1.2M | No change |
| HEEM iShares Crncy Hedgd MSCI Em | 0.05% | 40,595 | $1.2M | No change |
| STBA S & T Bancorp Inc. | 0.05% | 25,952 | $1.1M | Add +0.2% |
| IDV iShares International Select | 0.05% | 35,925 | $1.1M | No change |
| WFC Wells Fargo & Co. | 0.04% | 17,700 | $1.0M | No change |
| PFF iShares Preferred & Income S | 0.04% | 29,895 | $993K | No change |
| LMT Lockheed Martin Corp. | 0.04% | 1,495 | $874K | No change |
| DGRW Wisdomtree U.S. Quality Divi | 0.04% | 10,345 | $861K | No change |
| ORCL Oracle Corp. | 0.03% | 4,358 | $743K | Reduce -2.5% |
| MS Morgan Stanley | 0.03% | 6,649 | $693K | Add +14.9% |
| ILCG iShares Morningstar Growth E | 0.03% | 7,985 | $671K | No change |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.03% | 5,050 | $648K | No change |
| INTU Intuit Inc. | 0.03% | 1,035 | $643K | Reduce -1.2% |
| DHR Danaher Corp. | 0.03% | 2,120 | $589K | Reduce -2.0% |
| ESGE iShares Inc. iShares ESG Awar | 0.03% | 15,990 | $582K | No change |
| BLK BlackRock Finance Inc. | 0.03% | 603 | $573K | No change |
| ICE Intercontinental Exchange Inc. | 0.03% | 3,460 | $556K | Reduce -1.0% |
| GOOG Alphabet Inc. Class C | 0.02% | 3,260 | $545K | Reduce -3.8% |
| LLY Eli Lilly & Co. | 0.02% | 605 | $536K | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.02% | 6,745 | $536K | New |
| CI The Cigna Group | 0.02% | 1,501 | $520K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -24.6% | 4.23% | −1.60 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -8.8% | 5.10% | −0.77 |
| EEMA iShares MSCI Emerg MRKT Asia | Reduce -87.8% | 0.07% | −0.56 |
| HDV iShares Core High Dividend E | Reduce -22.5% | 0.91% | −0.34 |
| WRK Westrock Co. | Sold out | 0.00% | −0.33 |
| MCHI iShares MSCI China ETF | Reduce -45.8% | 0.39% | −0.29 |
| J Jacobs Solutions Inc. | Reduce -24.9% | 0.38% | −0.24 |
| IVV iShares Core S&P 500 ETF | Reduce -0.2% | 2.46% | −0.23 |
| AAPL Apple Inc. | Reduce -0.1% | 4.61% | −0.19 |
| UNP Union Pacific Corp. | Reduce -30.9% | 0.32% | −0.17 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -67.9% | 0.07% | −0.16 |
| GOOGL Alphabet Inc. Class A | Reduce -5.1% | 0.28% | −0.09 |
| SIZE iShares MSCI USA Size Factor | Sold out | 0.00% | −0.09 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.3% | 1.04% | −0.08 |
| OEF iShares S&P 100 ETF | Reduce -6.8% | 0.33% | −0.06 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -4.5% | 0.56% | −0.05 |
| AMTM Amentum Holdings Inc. | Reduce -24.9% | 0.09% | −0.05 |
| GM General Motors Co. | Reduce -0.1% | 0.24% | −0.05 |
| XLF SS Financial Select Sector | Reduce -0.3% | 0.87% | −0.04 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.04 |
| IWF iShares Russell 1000 Growth | Reduce -7.4% | 0.17% | −0.04 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Sold out | 0.00% | −0.03 |
| SMLF iShares US Smallcap Equity F | Reduce -26.4% | 0.07% | −0.03 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -1.0% | 0.31% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -11.4% | 0.10% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -1.0% | 0.09% | −0.02 |
| NVDA Nvidia Corp. | Reduce -2.8% | 0.08% | −0.02 |
| EMB iShares JP Morgan Usd Emergi | Reduce -0.3% | 0.18% | −0.02 |
| CINF Cincinnati Financial Corp. | Sold out | 0.00% | −0.01 |
| KBE SS SPDR S&P Bank ETF | Reduce -0.5% | 1.01% | −0.01 |
| ADBE Adobe Inc. | Reduce -0.1% | 0.06% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.01 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.01 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -3.8% | 0.02% | −0.01 |
| INTU Intuit Inc. | Reduce -1.2% | 0.03% | −0.01 |
| VHT Vanguard Health Care ETF | Reduce -0.3% | 0.06% | −0.01 |
| UPS United Parcel Service Class B | Reduce -5.3% | 0.02% | −0.00 |
| DIS The Walt Disney Co. | Reduce -6.8% | 0.01% | −0.00 |
| META Meta Platforms Inc. Class A | Reduce -2.5% | 0.06% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -0.6% | 0.02% | −0.00 |
| DHR Danaher Corp. | Reduce -2.0% | 0.03% | −0.00 |
| ADSK Autodesk Inc. | Reduce -2.5% | 0.02% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -4.3% | 0.01% | −0.00 |
| ACN Accenture PLC Class A | Reduce -0.5% | 0.02% | +0.00 |
| ICE Intercontinental Exchange Inc. | Reduce -1.0% | 0.03% | +0.00 |
| ORCL Oracle Corp. | Reduce -2.5% | 0.03% | +0.00 |
| CMI Cummins Inc. | Reduce -0.3% | 0.88% | +0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| KBWB Invesco KBW Bank ETF | Add +27.4% | 5.23% | +0.92 |
| SOXX iShares Semiconductor ETF | New | 0.86% | +0.86 |
| IFRA iShares US Infrastructure | Add +37.5% | 3.17% | +0.79 |
| GII State Street SPDR S&P Global | New | 0.68% | +0.68 |
| INDA iShares MSCI India ETF | New | 0.64% | +0.64 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.63% | +0.63 |
| RSP Invesco S&P 500 Equal Weight | Add +46.1% | 2.24% | +0.62 |
| IQLT iShares MSCI International Q | Add +88.9% | 1.38% | +0.59 |
| VYM Vanguard High DVD Yield ETF | Add +19.9% | 5.15% | +0.58 |
| VEU Vanguard Ftse All-World Ex-U | Add +34.5% | 2.53% | +0.52 |
| VLUE iShares MSCI USA Value Facto | Add +15.6% | 6.32% | +0.36 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +27.3% | 2.79% | +0.33 |
| SW Smurfit Westrock PLC | New | 0.28% | +0.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +14.6% | 1.72% | +0.19 |
| IHAK iShares Cybersecurity & Tech | Add +42.7% | 0.65% | +0.16 |
| GS Goldman Sachs Group Inc. | Add +16.4% | 1.52% | +0.15 |
| ARTY iShares Future AI & Tech ETF | Add +46.5% | 0.55% | +0.13 |
| XT Ishar Fture Exp Tech ETF-Usd | Add +137.4% | 0.18% | +0.09 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.02% | +0.02 |
| BAC Bank of America Corp. | Add +18.7% | 0.75% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +11.3% | 2.07% | +0.02 |
| PYPL PayPal Holdings Inc. | New | 0.01% | +0.01 |
| ZION Zions Bancorp NA | New | 0.01% | +0.01 |
| FBT First Trust Nyse Arca Biotec | New | 0.01% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | New | 0.01% | +0.01 |
| PNC PNC Financial Services Group | Add +57.0% | 0.02% | +0.01 |
| STBA S & T Bancorp Inc. | Add +0.2% | 0.05% | +0.00 |
| MS Morgan Stanley | Add +14.9% | 0.03% | +0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +10.2% | 0.30% | −0.00 |
| INTC Intel Corp. | Add +0.0% | 0.02% | −0.01 |
| CSCO Cisco Systems Inc. | Add +0.0% | 0.34% | −0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.1% | 0.08% | −0.03 |
| IHI iShares U.S. Medical Devices | Add +3.0% | 0.74% | −0.04 |
| VIG Vanguard Dividend Apprec ETF | Add +0.7% | 1.02% | −0.05 |
| FDX FedEx Corp. | Add +0.4% | 0.23% | −0.06 |
| MSFT Microsoft Corp. | Add +0.9% | 0.35% | −0.06 |
| XLV SS Health Care Select Sector | Add +0.1% | 1.64% | −0.14 |
| IWY iShares Russell Top 200 Grow | Add +1.8% | 2.01% | −0.20 |
| IEMG iShares Core MSCI Emerging | Add +0.0% | 3.85% | −0.28 |
| VUSB Vanguard Ultra Short Bond Et | Add +1.4% | 3.32% | −0.41 |
| XLK SS Technology Select Sector | Add +0.1% | 2.91% | −0.44 |
| QUAL iShares MSCI USA Quality Fac | Add +0.3% | 10.21% | −0.94 |
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 |