Wharton Business Group, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Wharton Business Group, LLC reported 137 stock positions worth $2.4 billion. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 9.3% of the portfolio, followed by iShares MSCI Eafe Min Vol Fa (EFAV, 6.3%) and iShares MSCI Emg MKT Min Vol (EEMV, 6.1%). Compared with Q1 2025, it opened 6 new positions, sold out of 6, added to 44 and reduced 42. The biggest buy was Invesco KBW Bank ETF (KBWB, shares +7%) and the biggest sale iShares MSCI USA Value Facto (VLUE, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- MALVERN, PA
- CIK
- 0001513126
- Portfolio Value
- $2.4B (Q2 2025)
- SEC Filing
- 0001513126-25-000005 ↗ filed Aug 14, 2025
Holdings Value
Holdings 137 stocks · $2.4B
| QUAL iShares MSCI USA Quality Fac | 9.34% | 1,211,543 | $221.3M | Reduce -3.2% |
| EFAV iShares MSCI Eafe Min Vol Fa | 6.27% | 1,770,694 | $148.6M | Add +4.9% |
| EEMV iShares MSCI Emg MKT Min Vol | 6.07% | 2,292,021 | $143.9M | Add +0.2% |
| KBWB Invesco KBW Bank ETF | 5.78% | 1,914,019 | $136.9M | Add +6.6% |
| VLUE iShares MSCI USA Value Facto | 5.77% | 1,210,442 | $136.8M | Reduce -7.0% |
| VYM Vanguard High DVD Yield ETF | 5.03% | 894,315 | $119.2M | Add +0.4% |
| AAPL Apple Inc. | 3.80% | 438,241 | $90.0M | Add +0.4% |
| BINC iShares Flex I A ETF-Usd Inc. | 3.53% | 1,583,135 | $83.7M | Add +2.1% |
| IFRA iShares US Infrastructure | 3.52% | 1,695,780 | $83.4M | Add +2.4% |
| IEMG iShares Core MSCI Emerging | 3.20% | 1,266,357 | $75.8M | Reduce -13.1% |
| IVV iShares Core S&P 500 ETF | 2.96% | 112,839 | $70.1M | Add +19.2% |
| XLK SS Technology Select Sector | 2.83% | 266,207 | $67.0M | Reduce -6.2% |
| VUSB Vanguard Ultra Short Bond Et | 2.76% | 1,310,019 | $65.3M | Reduce -5.4% |
| VEU Vanguard Ftse All-World Ex-U | 2.53% | 893,094 | $60.0M | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 2.38% | 194,443 | $56.3M | Reduce -9.7% |
| RSP Invesco S&P 500 Equal Weight | 2.19% | 285,873 | $52.0M | Add +0.9% |
| IWY iShares Russell Top 200 Grow | 2.06% | 197,634 | $48.7M | Add +0.9% |
| GS Goldman Sachs Group Inc. | 1.79% | 59,946 | $42.3M | Reduce -12.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.68% | 82,032 | $39.8M | Reduce -0.4% |
| ARTY iShares Future AI & Tech ETF | 1.67% | 966,302 | $39.6M | Add +13.4% |
| IQLT iShares MSCI International Q | 1.40% | 768,335 | $33.2M | Add +1.7% |
| XLV SS Health Care Select Sector | 1.33% | 233,483 | $31.6M | Reduce -1.0% |
| KBE SS SPDR S&P Bank ETF | 1.02% | 435,481 | $24.2M | Add +7.3% |
| VIG Vanguard Dividend Apprec ETF | 0.99% | 114,183 | $23.4M | Reduce -1.1% |
| HDV iShares Core High Dividend E | 0.97% | 195,333 | $22.9M | Add +14.3% |
| XLF SS Financial Select Sector | 0.93% | 420,672 | $22.0M | Reduce -0.8% |
| PRF Invesco Rafi US 1000 ETF | 0.88% | 493,135 | $20.8M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.88% | 423,989 | $20.8M | Reduce -2.2% |
| CAT Caterpillar Inc. | 0.82% | 50,658 | $19.5M | Reduce -3.6% |
| PWB Invesco Large Cap Growth ETF | 0.81% | 168,139 | $19.1M | Add +0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.80% | 401,477 | $19.0M | Reduce -0.0% |
| IHI iShares U.S. Medical Devices | 0.80% | 302,630 | $18.9M | Add +15.4% |
| CMI Cummins Inc. | 0.75% | 54,086 | $17.7M | Reduce -3.6% |
| GII State Street SPDR S&P Global | 0.72% | 252,220 | $17.0M | Add +1.4% |
| IHAK iShares Cybersecurity & Tech | 0.71% | 318,135 | $16.9M | Reduce -0.1% |
| IHF iShares U.S. Healthcare Prov | 0.69% | 335,810 | $16.3M | Add +0.2% |
| PWR Quanta Services Inc. | 0.64% | 40,055 | $15.1M | Reduce -26.2% |
| XLI SS Industrial Select Sector | 0.59% | 94,116 | $13.9M | Reduce -23.1% |
| XT Ishar Fture Exp Tech ETF-Usd | 0.56% | 202,875 | $13.2M | Add +189.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.46% | 56,305 | $11.0M | Reduce -9.6% |
| PWV Invesco Large Cap Value ETF | 0.45% | 170,370 | $10.6M | Reduce -4.9% |
| EXI iShares Global Industrials E | 0.41% | 59,190 | $9.8M | Reduce -30.1% |
| CSCO Cisco Systems Inc. | 0.41% | 140,534 | $9.8M | Add +0.3% |
| MCHI iShares MSCI China ETF | 0.39% | 168,235 | $9.3M | No change |
| OEF iShares S&P 100 ETF | 0.37% | 29,449 | $8.9M | Add +6.8% |
| MSFT Microsoft Corp. | 0.37% | 17,741 | $8.8M | Add +1.4% |
| J Jacobs Solutions Inc. | 0.35% | 63,000 | $8.3M | Reduce -3.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.30% | 133,950 | $7.1M | Add +4.0% |
| USMV iShares MSCI USA Min Vol Fac | 0.27% | 68,473 | $6.4M | Reduce -4.2% |
| UNP Union Pacific Corp. | 0.27% | 27,536 | $6.3M | Add +5.0% |
| IDNA iShares Gen-Immunology HLTH | 0.25% | 290,727 | $6.0M | Add +1.8% |
| GOOGL Alphabet Inc. Class A | 0.25% | 34,396 | $6.0M | Add +0.5% |
| GM General Motors Co. | 0.25% | 120,725 | $5.9M | No change |
| C Citigroup Inc. | 0.19% | 51,823 | $4.4M | Reduce -0.1% |
| TXT Textron Inc. | 0.18% | 52,320 | $4.2M | No change |
| CSX CSX Corp. | 0.17% | 126,685 | $4.1M | No change |
| FDX FedEx Corp. | 0.17% | 17,891 | $4.1M | Add +1.8% |
| IWF iShares Russell 1000 Growth | 0.17% | 9,349 | $4.0M | Add +0.7% |
| SOXX iShares Semiconductor ETF | 0.16% | 16,349 | $3.9M | Add +1.2% |
| IDV iShares International Select | 0.16% | 42,170 | $3.9M | Add +33.1% |
| XVV iShares ESG Select Screened | 0.15% | 76,440 | $3.6M | Add +1.2% |
| AMZN Amazon.com Inc. | 0.11% | 11,555 | $2.5M | Add +7.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.11% | 30,263 | $2.5M | Add +6.3% |
| NVDA Nvidia Corp. | 0.10% | 15,711 | $2.5M | Add +11.0% |
| CTAS Cintas Corp. | 0.10% | 10,888 | $2.4M | New |
| XPH SS SPDR S&P Pharma ETF | 0.09% | 53,115 | $2.2M | Add +10.2% |
| CHIQ Global X MSCI China Consumer | 0.09% | 98,567 | $2.1M | No change |
| SW Smurfit Westrock PLC | 0.08% | 44,572 | $1.9M | Reduce -8.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.08% | 2,285 | $1.8M | Reduce -2.4% |
| META Meta Platforms Inc. Class A | 0.08% | 2,424 | $1.8M | No change |
| SMLF iShares US Smallcap Equity F | 0.06% | 22,125 | $1.5M | No change |
| WFC Wells Fargo & Co. | 0.06% | 17,695 | $1.4M | No change |
| FXI iShares China Large-Cap ETF | 0.06% | 38,953 | $1.4M | No change |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.05% | 8,716 | $1.3M | Reduce -6.5% |
| ILCG iShares Morningstar Growth E | 0.05% | 43,675 | $1.3M | Add +490.2% |
| HEEM iShares Crncy Hedgd MSCI Em | 0.05% | 40,595 | $1.2M | No change |
| VHT Vanguard Health Care ETF | 0.05% | 4,559 | $1.2M | Add +0.7% |
| EEMA iShares MSCI Emerg MRKT Asia | 0.05% | 13,397 | $1.1M | Reduce -25.1% |
| DFAC Dimensional US Core Equity 2 | 0.05% | 30,402 | $1.1M | New |
| ADBE Adobe Inc. | 0.05% | 2,801 | $1.1M | Add +17.3% |
| STBA S & T Bancorp Inc. | 0.04% | 26,105 | $979K | Add +0.2% |
| DGRW Wisdomtree U.S. Quality Divi | 0.04% | 10,345 | $866K | No change |
| NN Nextnav Inc. | 0.04% | 56,360 | $857K | No change |
| INTU Intuit Inc. | 0.03% | 1,035 | $815K | No change |
| GOOG Alphabet Inc. Class C | 0.03% | 4,586 | $814K | Add +24.3% |
| ORCL Oracle Corp. | 0.03% | 3,633 | $794K | Reduce -15.7% |
| MPB Mid Penn Bancorp Inc. | 0.03% | 27,108 | $764K | Reduce -67.9% |
| DFAX Dimensional World Ex US Core | 0.03% | 25,090 | $737K | New |
| EMB iShares JP Morgan Usd Emergi | 0.03% | 7,400 | $717K | Reduce -82.5% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.03% | 5,410 | $710K | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.03% | 8,845 | $703K | Add +8.6% |
| LMT Lockheed Martin Corp. | 0.03% | 1,495 | $692K | No change |
| ICE Intercontinental Exchange Inc. | 0.03% | 3,385 | $621K | Reduce -2.2% |
| BLK BlackRock Inc. | 0.03% | 603 | $605K | Add +82.7% |
| GEV GE Vernova Inc. | 0.03% | 1,135 | $601K | Reduce -0.3% |
| PAYX Paychex Inc. | 0.02% | 3,715 | $540K | No change |
| PFF iShares Preferred & Income S | 0.02% | 17,335 | $532K | Reduce -39.4% |
| LLY Eli Lilly & Co. | 0.02% | 665 | $518K | No change |
| VONG Vanguard Russell 1000 Growth | 0.02% | 4,660 | $509K | No change |
| CI The Cigna Group | 0.02% | 1,511 | $500K | Add +0.7% |
Portfolio Sells Q1 2025 → Q2 2025
| VLUE iShares MSCI USA Value Facto | Reduce -7.0% | 5.77% | −0.51 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -5.4% | 2.76% | −0.37 |
| IEMG iShares Core MSCI Emerging | Reduce -13.1% | 3.20% | −0.35 |
| QUAL iShares MSCI USA Quality Fac | Reduce -3.2% | 9.34% | −0.34 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 1.68% | −0.30 |
| XLV SS Health Care Select Sector | Reduce -1.0% | 1.33% | −0.22 |
| EXI iShares Global Industrials E | Reduce -30.1% | 0.41% | −0.14 |
| EMB iShares JP Morgan Usd Emergi | Reduce -82.5% | 0.03% | −0.14 |
| XLI SS Industrial Select Sector | Reduce -23.1% | 0.59% | −0.14 |
| MPB Mid Penn Bancorp Inc. | Reduce -67.9% | 0.03% | −0.07 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -9.6% | 0.46% | −0.06 |
| CNYA iShares MSCI China A ETF | Sold out | 0.00% | −0.06 |
| CMI Cummins Inc. | Reduce -3.6% | 0.75% | −0.05 |
| PWV Invesco Large Cap Value ETF | Reduce -4.9% | 0.45% | −0.04 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.1% | 0.99% | −0.03 |
| XLF SS Financial Select Sector | Reduce -0.8% | 0.93% | −0.03 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -4.2% | 0.27% | −0.03 |
| SW Smurfit Westrock PLC | Reduce -8.9% | 0.08% | −0.02 |
| PFF iShares Preferred & Income S | Reduce -39.4% | 0.02% | −0.02 |
| CINF Cincinnati Financial Corp. | Sold out | 0.00% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -9.7% | 2.38% | −0.01 |
| DVYE iShares Emerging Markets Div | Sold out | 0.00% | −0.01 |
| EEMA iShares MSCI Emerg MRKT Asia | Reduce -25.1% | 0.05% | −0.01 |
| MS Morgan Stanley | Reduce -44.5% | 0.02% | −0.01 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.01 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -6.5% | 0.05% | −0.01 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.01 |
| JNJ Johnson & Johnson | Reduce -35.5% | 0.01% | −0.01 |
| FBT First Trust Nyse Arca Biotec | Sold out | 0.00% | −0.01 |
| WELL Welltower Inc. | Reduce -49.1% | 0.01% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.2% | 0.88% | −0.01 |
| J Jacobs Solutions Inc. | Reduce -3.3% | 0.35% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.3% | 0.01% | −0.00 |
| ICE Intercontinental Exchange Inc. | Reduce -2.2% | 0.03% | −0.00 |
| EPP iShares MSCI Pacific Ex Japa | Reduce -5.8% | 0.01% | −0.00 |
| DIS The Walt Disney Co. | Reduce -4.2% | 0.01% | +0.00 |
| SNOW Snowflake Inc. | Reduce -12.4% | 0.01% | +0.00 |
| ORCL Oracle Corp. | Reduce -15.7% | 0.03% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -2.4% | 0.08% | +0.01 |
| GEV GE Vernova Inc. | Reduce -0.3% | 0.03% | +0.01 |
| PWR Quanta Services Inc. | Reduce -26.2% | 0.64% | +0.01 |
| C Citigroup Inc. | Reduce -0.1% | 0.19% | +0.02 |
| IHAK iShares Cybersecurity & Tech | Reduce -0.1% | 0.71% | +0.04 |
| CAT Caterpillar Inc. | Reduce -3.6% | 0.82% | +0.04 |
| BAC Bank of America Corp. | Reduce -0.0% | 0.80% | +0.04 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.0% | 2.53% | +0.08 |
| GS Goldman Sachs Group Inc. | Reduce -12.8% | 1.79% | +0.09 |
| XLK SS Technology Select Sector | Reduce -6.2% | 2.83% | +0.17 |
Portfolio Buys Q1 2025 → Q2 2025
| KBWB Invesco KBW Bank ETF | Add +6.6% | 5.78% | +0.67 |
| IVV iShares Core S&P 500 ETF | Add +19.2% | 2.96% | +0.55 |
| ARTY iShares Future AI & Tech ETF | Add +13.4% | 1.67% | +0.46 |
| XT Ishar Fture Exp Tech ETF-Usd | Add +189.9% | 0.56% | +0.38 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +4.9% | 6.27% | +0.33 |
| IWY iShares Russell Top 200 Grow | Add +0.9% | 2.06% | +0.19 |
| IFRA iShares US Infrastructure | Add +2.4% | 3.52% | +0.14 |
| IDV iShares International Select | Add +33.1% | 0.16% | +0.12 |
| CTAS Cintas Corp. | New | 0.10% | +0.10 |
| IHI iShares U.S. Medical Devices | Add +15.4% | 0.80% | +0.09 |
| MSFT Microsoft Corp. | Add +1.4% | 0.37% | +0.08 |
| PWB Invesco Large Cap Growth ETF | Add +0.2% | 0.81% | +0.07 |
| KBE SS SPDR S&P Bank ETF | Add +7.3% | 1.02% | +0.05 |
| DFAC Dimensional US Core Equity 2 | New | 0.05% | +0.05 |
| IQLT iShares MSCI International Q | Add +1.7% | 1.40% | +0.04 |
| OEF iShares S&P 100 ETF | Add +6.8% | 0.37% | +0.04 |
| NVDA Nvidia Corp. | Add +11.0% | 0.10% | +0.04 |
| EEMV iShares MSCI Emg MKT Min Vol | Add +0.2% | 6.07% | +0.03 |
| DFAX Dimensional World Ex US Core | New | 0.03% | +0.03 |
| HDV iShares Core High Dividend E | Add +14.3% | 0.97% | +0.03 |
| SOXX iShares Semiconductor ETF | Add +1.2% | 0.16% | +0.03 |
| ILCG iShares Morningstar Growth E | Add +490.2% | 0.05% | +0.03 |
| CSCO Cisco Systems Inc. | Add +0.3% | 0.41% | +0.02 |
| GII State Street SPDR S&P Global | Add +1.4% | 0.72% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +0.7% | 0.17% | +0.02 |
| AMZN Amazon.com Inc. | Add +7.2% | 0.11% | +0.01 |
| BLK BlackRock Inc. | Add +82.7% | 0.03% | +0.01 |
| COST Costco Wholesale Corp. | New | 0.01% | +0.01 |
| PYPL PayPal Holdings Inc. | New | 0.01% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +6.3% | 0.11% | +0.01 |
| BKNG Booking Holdings Inc. | New | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +24.3% | 0.03% | +0.01 |
| XVV iShares ESG Select Screened | Add +1.2% | 0.15% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 0.25% | +0.00 |
| ADBE Adobe Inc. | Add +17.3% | 0.05% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +8.6% | 0.03% | +0.00 |
| IWD iShares Russell 1000 Value E | Add +3.8% | 0.01% | 0.00 |
| CI The Cigna Group | Add +0.7% | 0.02% | −0.00 |
| STBA S & T Bancorp Inc. | Add +0.2% | 0.04% | −0.00 |
| VHT Vanguard Health Care ETF | Add +0.7% | 0.05% | −0.00 |
| XPH SS SPDR S&P Pharma ETF | Add +10.2% | 0.09% | −0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +4.0% | 0.30% | −0.01 |
| UNP Union Pacific Corp. | Add +5.0% | 0.27% | −0.01 |
| IDNA iShares Gen-Immunology HLTH | Add +1.8% | 0.25% | −0.01 |
| FDX FedEx Corp. | Add +1.8% | 0.17% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +0.9% | 2.19% | −0.03 |
| IHF iShares U.S. Healthcare Prov | Add +0.2% | 0.69% | −0.11 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +2.1% | 3.53% | −0.14 |
| VYM Vanguard High DVD Yield ETF | Add +0.4% | 5.03% | −0.17 |
| AAPL Apple Inc. | Add +0.4% | 3.80% | −0.59 |
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 |