Wharton Business Group, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Wharton Business Group, LLC reported 137 stock positions worth $2.2 billion. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 9.7% of the portfolio, followed by iShares MSCI USA Value Facto (VLUE, 6.3%) and iShares MSCI Emg MKT Min Vol (EEMV, 6.0%). Compared with Q4 2024, it opened 5 new positions, sold out of 4, added to 34 and reduced 38. The biggest buy was iShares Flex I A ETF-Usd (BINC, shares +27%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
MALVERN, PA
CIK
0001513126
Portfolio Value
$2.2B (Q1 2025)
SEC Filing
0001513126-25-000003 ↗ filed May 9, 2025

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 $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 137 stocks · $2.2B
QUAL iShares MSCI USA Quality Fac 9.68% 1,251,388 $214.0M Reduce -0.3%
VLUE iShares MSCI USA Value Facto 6.28% 1,301,911 $138.8M Add +0.5%
EEMV iShares MSCI Emg MKT Min Vol 6.04% 2,288,150 $133.5M Add +1.2%
EFAV iShares MSCI Eafe Min Vol Fa 5.94% 1,688,681 $131.3M Add +1.2%
VYM Vanguard High DVD Yield ETF 5.19% 890,518 $114.8M Reduce -0.3%
KBWB Invesco KBW Bank ETF 5.10% 1,796,164 $112.8M Reduce -0.2%
AAPL Apple Inc. 4.39% 436,540 $97.1M Reduce -0.2%
BINC iShares Flex I A ETF-Usd Inc. 3.67% 1,550,365 $81.2M Add +26.8%
IEMG iShares Core MSCI Emerging 3.55% 1,456,604 $78.5M Reduce -0.7%
IFRA iShares US Infrastructure 3.38% 1,656,875 $74.7M Add +6.3%
VUSB Vanguard Ultra Short Bond Et 3.12% 1,385,239 $69.1M Reduce -4.4%
XLK SS Technology Select Sector 2.66% 283,818 $58.8M Add +0.8%
VEU Vanguard Ftse All-World Ex-U 2.45% 893,152 $54.2M Reduce -0.0%
IVV iShares Core S&P 500 ETF 2.41% 94,644 $53.2M Reduce -0.3%
JPM JPMorgan Chase & Co. 2.39% 215,408 $52.8M Reduce -0.2%
RSP Invesco S&P 500 Equal Weight 2.22% 283,238 $49.1M Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 1.98% 82,370 $43.9M Reduce -0.1%
IWY iShares Russell Top 200 Grow 1.87% 195,904 $41.3M Add +0.6%
GS Goldman Sachs Group Inc. 1.70% 68,736 $37.5M Reduce -0.1%
XLV SS Health Care Select Sector 1.55% 235,889 $34.4M Add +0.2%
IQLT iShares MSCI International Q 1.36% 755,800 $30.0M No change
ARTY iShares Future AI & Tech ETF 1.21% 852,322 $26.8M Add +6.7%
VIG Vanguard Dividend Apprec ETF 1.01% 115,398 $22.4M Add +0.5%
KBE SS SPDR S&P Bank ETF 0.98% 406,051 $21.6M Reduce -0.9%
XLF SS Financial Select Sector 0.96% 424,023 $21.1M Add +0.6%
HDV iShares Core High Dividend E 0.94% 170,827 $20.7M Reduce -0.4%
PRF Invesco Rafi US 1000 ETF 0.90% 493,135 $19.9M No change
VWO Vanguard Ftse Emerging Marke 0.89% 433,653 $19.6M Reduce -3.6%
IHF iShares U.S. Healthcare Prov 0.80% 335,030 $17.7M No change
CMI Cummins Inc. 0.80% 56,101 $17.6M Reduce -0.7%
CAT Caterpillar Inc. 0.79% 52,538 $17.4M Reduce -0.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.76% 401,546 $16.8M Add +0.0%
PWB Invesco Large Cap Growth ETF 0.73% 167,819 $16.2M No change
XLI SS Industrial Select Sector 0.73% 122,440 $16.0M Reduce -0.3%
IHI iShares U.S. Medical Devices 0.71% 262,205 $15.7M Add +1.7%
GII State Street SPDR S&P Global 0.70% 248,765 $15.4M No change
IHAK iShares Cybersecurity & Tech 0.68% 318,390 $15.0M Add +7.1%
PWR Quanta Services Inc. 0.62% 54,305 $13.8M Reduce -0.6%
EXI iShares Global Industrials E 0.56% 84,695 $12.3M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.52% 62,250 $11.6M Add +0.6%
PWV Invesco Large Cap Value ETF 0.48% 179,107 $10.7M Add +1.3%
MCHI iShares MSCI China ETF 0.41% 168,235 $9.2M Reduce -0.6%
CSCO Cisco Systems Inc. 0.39% 140,084 $8.6M No change
J Jacobs Solutions Inc. 0.36% 65,170 $7.9M Add +1.4%
OEF iShares S&P 100 ETF 0.34% 27,564 $7.5M Reduce -0.6%
IGSB iShares 1-5Y Inv Grade Corp. 0.31% 128,780 $6.7M Add +0.8%
MSFT Microsoft Corp. 0.30% 17,495 $6.6M Reduce -0.7%
USMV iShares MSCI USA Min Vol Fac 0.30% 71,467 $6.5M Reduce -4.4%
UNP Union Pacific Corp. 0.28% 26,226 $6.2M Reduce -7.6%
IDNA iShares Gen-Immunology HLTH 0.26% 285,472 $5.8M Add +5.5%
GM General Motors Co. 0.26% 120,725 $5.7M Reduce -0.0%
GOOGL Alphabet Inc. Class A 0.25% 34,226 $5.5M Reduce -2.0%
FDX FedEx Corp. 0.19% 17,571 $4.3M Reduce -2.3%
XT Ishar Fture Exp Tech ETF-Usd 0.18% 69,970 $4.0M No change
EMB iShares JP Morgan Usd Emergi 0.17% 42,170 $3.8M Add +0.2%
TXT Textron Inc. 0.17% 52,320 $3.8M No change
CSX CSX Corp. 0.17% 126,685 $3.7M No change
C Citigroup Inc. 0.17% 51,888 $3.7M Add +0.1%
IWF iShares Russell 1000 Growth 0.15% 9,289 $3.4M Reduce -6.7%
XVV iShares ESG Select Screened 0.15% 75,555 $3.2M Reduce -9.2%
SOXX iShares Semiconductor ETF 0.14% 16,154 $3.0M Add +62.0%
SW Smurfit Westrock PLC 0.10% 48,952 $2.3M Reduce -27.0%
CHIQ Global X MSCI China Consumer 0.10% 98,567 $2.2M No change
MPB Mid Penn Bancorp Inc. 0.10% 84,338 $2.2M No change
IEFA iShares Core MSCI Eafe ETF 0.10% 28,483 $2.2M Reduce -1.2%
XPH SS SPDR S&P Pharma ETF 0.10% 48,205 $2.1M Add +9.9%
AMZN Amazon.com Inc. 0.09% 10,781 $2.1M Add +5.0%
ASML ASML Holding NV-NY Reg SHS 0.07% 2,340 $1.6M Add +6.5%
NVDA Nvidia Corp. 0.07% 14,151 $1.5M No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.06% 9,326 $1.4M Add +4.7%
META Meta Platforms Inc. Class A 0.06% 2,424 $1.4M No change
SMLF iShares US Smallcap Equity F 0.06% 22,125 $1.4M No change
EEMA iShares MSCI Emerg MRKT Asia 0.06% 17,892 $1.3M Reduce -10.3%
WFC Wells Fargo & Co. 0.06% 17,695 $1.3M Reduce -0.0%
CNYA iShares MSCI China A ETF 0.06% 43,675 $1.2M No change
FXI iShares China Large-Cap ETF 0.06% 38,953 $1.2M No change
VHT Vanguard Health Care ETF 0.05% 4,529 $1.2M Add +0.4%
HEEM iShares Crncy Hedgd MSCI Em 0.05% 40,595 $1.1M No change
IDV iShares International Select 0.04% 31,670 $982K No change
STBA S & T Bancorp Inc. 0.04% 26,050 $965K Add +0.2%
ADBE Adobe Inc. 0.04% 2,387 $915K Add +0.2%
PFF iShares Preferred & Income S 0.04% 28,590 $879K Reduce -4.4%
DGRW Wisdomtree U.S. Quality Divi 0.04% 10,345 $826K No change
MS Morgan Stanley 0.03% 6,334 $739K Reduce -4.4%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.03% 5,410 $697K Add +7.1%
NN Nextnav Inc. 0.03% 56,360 $686K Add +463.6%
LMT Lockheed Martin Corp. 0.03% 1,495 $668K No change
VCSH Vanguard S/T Corp. Bond ETF 0.03% 8,145 $643K No change
INTU Intuit Inc. 0.03% 1,035 $635K No change
ORCL Oracle Corp. 0.03% 4,308 $602K Reduce -1.1%
ILCG iShares Morningstar Growth E 0.03% 7,400 $599K No change
ICE Intercontinental Exchange Inc. 0.03% 3,460 $597K No change
GOOG Alphabet Inc. Class C 0.03% 3,690 $576K Add +13.2%
PAYX Paychex Inc. 0.03% 3,715 $573K No change
LLY Eli Lilly & Co. 0.02% 665 $549K Add +9.9%
CI The Cigna Group 0.02% 1,501 $494K No change
PNC PNC Financial Services Group 0.02% 2,656 $467K No change
JNJ Johnson & Johnson 0.02% 2,810 $466K No change
DHR Danaher Corp. 0.02% 2,120 $435K No change
VONG Vanguard Russell 1000 Growth 0.02% 4,660 $432K No change

Show all 137 holdings

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -0.2% 4.39% −0.56
QUAL iShares MSCI USA Quality Fac Reduce -0.3% 9.68% −0.41
KBWB Invesco KBW Bank ETF Reduce -0.2% 5.10% −0.21
PWR Quanta Services Inc. Reduce -0.6% 0.62% −0.16
VUSB Vanguard Ultra Short Bond Et Reduce -4.4% 3.12% −0.12
IVV iShares Core S&P 500 ETF Reduce -0.3% 2.41% −0.12
CMI Cummins Inc. Reduce -0.7% 0.80% −0.09
CAT Caterpillar Inc. Reduce -0.5% 0.79% −0.08
GS Goldman Sachs Group Inc. Reduce -0.1% 1.70% −0.08
SW Smurfit Westrock PLC Reduce -27.0% 0.10% −0.06
GOOGL Alphabet Inc. Class A Reduce -2.0% 0.25% −0.05
KBE SS SPDR S&P Bank ETF Reduce -0.9% 0.98% −0.05
MSFT Microsoft Corp. Reduce -0.7% 0.30% −0.04
FDX FedEx Corp. Reduce -2.3% 0.19% −0.03
GM General Motors Co. Reduce -0.0% 0.26% −0.03
IWF iShares Russell 1000 Growth Reduce -6.7% 0.15% −0.03
OEF iShares S&P 100 ETF Reduce -0.6% 0.34% −0.02
XVV iShares ESG Select Screened Reduce -9.2% 0.15% −0.02
CRBN Ish Low Car Opt Ms Ac ETF-US Sold out 0.00% −0.02
BLK BlackRock Inc. Reduce -45.3% 0.01% −0.01
UNP Union Pacific Corp. Reduce -7.6% 0.28% −0.01
PYPL PayPal Holdings Inc. Sold out 0.00% −0.01
ESGE iShares Inc. iShares ESG Awar Reduce -56.9% 0.01% −0.01
CGNX Cognex Corp. Sold out 0.00% −0.01
UYG Proshares Ultra Financials Sold out 0.00% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -3.6% 0.89% −0.01
ORCL Oracle Corp. Reduce -1.1% 0.03% −0.01
XLI SS Industrial Select Sector Reduce -0.3% 0.73% −0.00
EEMA iShares MSCI Emerg MRKT Asia Reduce -10.3% 0.06% −0.00
MS Morgan Stanley Reduce -4.4% 0.03% −0.00
USMV iShares MSCI USA Min Vol Fac Reduce -4.4% 0.30% −0.00
PFF iShares Preferred & Income S Reduce -4.4% 0.04% −0.00
INTC Intel Corp. Reduce -14.8% 0.01% −0.00
WFC Wells Fargo & Co. Reduce -0.0% 0.06% +0.00
IEFA iShares Core MSCI Eafe ETF Reduce -1.2% 0.10% +0.01
VYM Vanguard High DVD Yield ETF Reduce -0.3% 5.19% +0.05
JPM JPMorgan Chase & Co. Reduce -0.2% 2.39% +0.05
MCHI iShares MSCI China ETF Reduce -0.6% 0.41% +0.06
HDV iShares Core High Dividend E Reduce -0.4% 0.94% +0.07
IEMG iShares Core MSCI Emerging Reduce -0.7% 3.55% +0.10
VEU Vanguard Ftse All-World Ex-U Reduce -0.0% 2.45% +0.14
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 1.98% +0.30

Portfolio Buys Q4 2024 → Q1 2025
BINC iShares Flex I A ETF-Usd Inc. Add +26.8% 3.67% +0.80
EFAV iShares MSCI Eafe Min Vol Fa Add +1.2% 5.94% +0.62
EEMV iShares MSCI Emg MKT Min Vol Add +1.2% 6.04% +0.12
IFRA iShares US Infrastructure Add +6.3% 3.38% +0.12
VLUE iShares MSCI USA Value Facto Add +0.5% 6.28% +0.10
XLV SS Health Care Select Sector Add +0.2% 1.55% +0.09
SOXX iShares Semiconductor ETF Add +62.0% 0.14% +0.04
XLF SS Financial Select Sector Add +0.6% 0.96% +0.04
IHI iShares U.S. Medical Devices Add +1.7% 0.71% +0.03
PWV Invesco Large Cap Value ETF Add +1.3% 0.48% +0.03
NN Nextnav Inc. Add +463.6% 0.03% +0.02
IHAK iShares Cybersecurity & Tech Add +7.1% 0.68% +0.02
GEV GE Vernova Inc. New 0.02% +0.02
IWD iShares Russell 1000 Value E New 0.01% +0.01
BABA Alibaba Group Holding-SP ADR New 0.01% +0.01
XPH SS SPDR S&P Pharma ETF Add +9.9% 0.10% +0.01
SNOW Snowflake Inc. New 0.01% +0.01
FBT First Trust Nyse Arca Biotec New 0.01% +0.01
IGSB iShares 1-5Y Inv Grade Corp. Add +0.8% 0.31% +0.01
LLY Eli Lilly & Co. Add +9.9% 0.02% +0.00
MGV Vngrd Mrgstr MG CP VL ETF-Ui Add +7.1% 0.03% +0.00
VHT Vanguard Health Care ETF Add +0.4% 0.05% +0.00
EMB iShares JP Morgan Usd Emergi Add +0.2% 0.17% +0.00
C Citigroup Inc. Add +0.1% 0.17% +0.00
ASML ASML Holding NV-NY Reg SHS Add +6.5% 0.07% +0.00
STBA S & T Bancorp Inc. Add +0.2% 0.04% −0.00
GOOG Alphabet Inc. Class C Add +13.2% 0.03% −0.00
VIG Vanguard Dividend Apprec ETF Add +0.5% 1.01% −0.00
JBHT Hunt (jb) Transprt SVCS Inc. Add +4.7% 0.06% −0.00
ADBE Adobe Inc. Add +0.2% 0.04% −0.01
AMZN Amazon.com Inc. Add +5.0% 0.09% −0.01
IDNA iShares Gen-Immunology HLTH Add +5.5% 0.26% −0.01
RSP Invesco S&P 500 Equal Weight Add +0.1% 2.22% −0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Add +0.6% 0.52% −0.03
J Jacobs Solutions Inc. Add +1.4% 0.36% −0.03
BAC Bank of America Corp. Add +0.0% 0.76% −0.04
ARTY iShares Future AI & Tech ETF Add +6.7% 1.21% −0.12
IWY iShares Russell Top 200 Grow Add +0.6% 1.87% −0.20
XLK SS Technology Select Sector Add +0.8% 2.66% −0.30

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