Wharton Business Group, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Wharton Business Group, LLC reported 141 stock positions worth $2.6 billion. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 9.1% of the portfolio, followed by iShares MSCI USA Value Facto (VLUE, 6.2%) and Invesco KBW Bank ETF (KBWB, 5.9%). Compared with Q3 2025, it opened 4 new positions, sold out of 3, added to 25 and reduced 51. The biggest buy was iShares MSCI USA Quality Fac (QUAL, shares +0%) and the biggest sale iShares MSCI Emg MKT Min Vol (EEMV, shares −0%).

Most Recent 13F
Q2 2026
Location
MALVERN, PA
CIK
0001513126
Portfolio Value
$2.6B (Q4 2025)
SEC Filing
0001513126-26-000001 ↗ filed Feb 11, 2026

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 Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $2.3B Q3 2025 Q4 2025: $2.6B $2.6B Q4 2025 Q1 2026: $2.6B Q1 2026 Q2 2026: $3.0B Q2 2026

Holdings 141 stocks · $2.6B
QUAL iShares MSCI USA Quality Fac 9.08% 1,202,274 $238.8M Add +0.1%
VLUE iShares MSCI USA Value Facto 6.22% 1,196,152 $163.6M Reduce -0.8%
KBWB Invesco KBW Bank ETF 5.85% 1,825,463 $153.9M Reduce -0.5%
EFAV iShares MSCI Eafe Min Vol Fa 5.78% 1,761,493 $151.9M Reduce -0.3%
EEMV iShares MSCI Emg MKT Min Vol 5.57% 2,289,163 $146.6M Reduce -0.1%
VYM Vanguard High DVD Yield ETF 4.87% 892,467 $128.1M Add +0.0%
BINC iShares Flex I A ETF-Usd Inc. 4.65% 2,319,295 $122.4M Add +27.4%
AAPL Apple Inc. 4.45% 430,887 $117.1M Reduce -1.2%
IFRA iShares US Infrastructure 3.43% 1,714,900 $90.2M Reduce -0.0%
IEMG iShares Core MSCI Emerging 3.18% 1,245,797 $83.7M Reduce -1.3%
IVV iShares Core S&P 500 ETF 2.96% 113,759 $77.9M Add +1.0%
XLK SS Technology Select Sector 2.76% 503,949 $72.6M Reduce -2.3%
VEU Vanguard Ftse All-World Ex-U 2.72% 974,254 $71.7M Add +0.0%
VUSB Vanguard Ultra Short Bond Et 2.69% 1,418,534 $70.7M Add +3.7%
IWY iShares Russell Top 200 Grow 2.12% 201,169 $55.7M Add +1.9%
RSP Invesco S&P 500 Equal Weight 2.10% 288,593 $55.3M Add +0.7%
JPM JPMorgan Chase & Co. 1.99% 162,578 $52.4M Reduce -2.8%
ARTY iShares Future AI & Tech ETF 1.75% 954,682 $46.0M Reduce -3.5%
GS Goldman Sachs Group Inc. 1.63% 48,781 $42.9M Reduce -3.2%
BRK.B Berkshire Hathaway Inc. Class B 1.57% 81,897 $41.2M Reduce -0.1%
XLV SS Health Care Select Sector 1.38% 233,963 $36.2M Add +0.0%
IQLT iShares MSCI International Q 1.33% 768,785 $34.9M Add +0.1%
CAT Caterpillar Inc. 1.06% 48,473 $27.8M Reduce -2.2%
CMI Cummins Inc. 1.01% 52,026 $26.6M Reduce -1.7%
KBE SS SPDR S&P Bank ETF 0.99% 430,306 $26.1M Reduce -0.6%
VIG Vanguard Dividend Apprec ETF 0.95% 113,988 $25.1M Add +0.3%
XLF SS Financial Select Sector 0.90% 433,292 $23.7M Add +2.6%
HDV iShares Core High Dividend E 0.88% 191,023 $23.2M Add +0.5%
PRF Invesco Rafi US 1000 ETF 0.88% 493,135 $23.1M No change
VWO Vanguard Ftse Emerging Marke 0.81% 398,276 $21.4M Reduce -4.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.80% 381,303 $21.0M Reduce -1.8%
PWB Invesco Large Cap Growth ETF 0.79% 163,944 $20.8M Reduce -1.5%
IHI iShares U.S. Medical Devices 0.71% 299,530 $18.6M Reduce -1.0%
GII State Street SPDR S&P Global 0.67% 252,290 $17.6M Add +0.1%
PWR Quanta Services Inc. 0.62% 38,890 $16.4M Reduce -1.5%
IHF iShares U.S. Healthcare Prov 0.61% 335,810 $16.1M No change
IHAK iShares Cybersecurity & Tech 0.56% 306,385 $14.7M Reduce -1.7%
XLI SS Industrial Select Sector 0.55% 93,641 $14.5M Reduce -0.2%
XT Ishar Fture Exp Tech ETF-Usd 0.54% 202,875 $14.1M No change
IGSB iShares 1-5Y Inv Grade Corp. 0.45% 221,580 $11.7M Add +1.0%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.44% 54,088 $11.5M Reduce -1.2%
CSCO Cisco Systems Inc. 0.41% 140,534 $10.8M No change
PWV Invesco Large Cap Value ETF 0.41% 162,735 $10.8M Reduce -4.5%
OEF iShares S&P 100 ETF 0.41% 31,389 $10.8M Add +7.5%
EXI iShares Global Industrials E 0.39% 59,070 $10.4M No change
MCHI iShares MSCI China ETF 0.38% 166,895 $10.0M No change
GM General Motors Co. 0.37% 120,725 $9.8M No change
MSFT Microsoft Corp. 0.31% 17,058 $8.2M Reduce -2.1%
J Jacobs Solutions Inc. 0.31% 62,160 $8.2M Add +0.5%
GOOGL Alphabet Inc. Class A 0.29% 24,236 $7.6M Reduce -22.4%
IDNA iShares Gen-Immunology HLTH 0.27% 273,147 $7.2M Reduce -4.4%
USMV iShares MSCI USA Min Vol Fac 0.24% 66,635 $6.3M Reduce -1.9%
C Citigroup Inc. 0.23% 50,928 $5.9M Reduce -1.0%
UNP Union Pacific Corp. 0.22% 25,021 $5.8M Reduce -8.4%
FDX FedEx Corp. 0.21% 18,821 $5.4M Add +3.9%
SOXX iShares Semiconductor ETF 0.18% 16,139 $4.9M Reduce -0.6%
CSX CSX Corp. 0.17% 126,685 $4.6M No change
TXT Textron Inc. 0.17% 52,320 $4.6M No change
EMB iShares JP Morgan Usd Emergi 0.15% 42,170 $4.0M No change
XVV iShares ESG Select Screened 0.15% 76,440 $4.0M No change
IWF iShares Russell 1000 Growth 0.15% 8,454 $4.0M Reduce -8.6%
IEFA iShares Core MSCI Eafe ETF 0.10% 30,648 $2.7M Add +1.0%
NVDA Nvidia Corp. 0.10% 14,286 $2.7M Reduce -9.1%
AMZN Amazon.com Inc. 0.10% 11,395 $2.6M Reduce -1.0%
XPH SS SPDR S&P Pharma ETF 0.10% 46,395 $2.6M Reduce -9.1%
ASML ASML Holding NV-NY Reg SHS 0.09% 2,285 $2.4M No change
CHIQ Global X MSCI China Consumer 0.08% 98,567 $2.1M No change
CTAS Cintas Corp. 0.07% 9,488 $1.8M Reduce -12.9%
META Meta Platforms Inc. Class A 0.07% 2,589 $1.7M Add +6.7%
WFC Wells Fargo & Co. 0.06% 17,675 $1.6M No change
SMLF iShares US Smallcap Equity F 0.06% 21,730 $1.6M Reduce -1.8%
JBHT Hunt (jb) Transprt SVCS Inc. 0.06% 8,121 $1.6M Reduce -5.0%
CNYA iShares MSCI China A ETF 0.06% 43,675 $1.5M No change
GOOG Alphabet Inc. Class C 0.06% 4,642 $1.5M Add +1.2%
FXI iShares China Large-Cap ETF 0.05% 31,703 $1.2M No change
DFAC Dimensional US Core Equity 2 0.05% 30,402 $1.2M No change
EEMA iShares MSCI Emerg MRKT Asia 0.04% 12,097 $1.1M Reduce -6.8%
SW Smurfit Westrock PLC 0.04% 26,742 $1.0M Reduce -40.0%
STBA S & T Bancorp Inc. 0.04% 26,212 $1.0M Add +0.2%
ADBE Adobe Inc. 0.04% 2,723 $953K Reduce -2.8%
NN Nextnav Inc. 0.04% 56,360 $938K No change
DGRW Wisdomtree U.S. Quality Divi 0.04% 10,345 $925K No change
MPB Mid Penn Bancorp Inc. 0.03% 27,108 $841K No change
DFAX Dimensional World Ex US Core 0.03% 25,090 $821K No change
VCSH Vanguard S/T Corp. Bond ETF 0.03% 10,005 $798K Add +1.6%
ILCG iShares Morningstar Growth E 0.03% 7,400 $770K No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.03% 5,410 $764K No change
GEV GE Vernova Inc. 0.03% 1,135 $742K No change
LLY Eli Lilly & Co. 0.03% 665 $715K No change
INTU Intuit Inc. 0.03% 1,035 $686K No change
LMT Lockheed Martin Corp. 0.03% 1,380 $667K Reduce -7.7%
ORCL Oracle Corp. 0.02% 3,200 $624K Add +0.4%
HEEM iShares Crncy Hedgd MSCI Em 0.02% 17,525 $609K Reduce -44.4%
MS Morgan Stanley 0.02% 3,244 $576K Reduce -0.5%
VONG Vanguard Russell 1000 Growth 0.02% 4,660 $567K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.02% 4,780 $555K No change
PNC PNC Financial Services Group 0.02% 2,656 $554K No change
ICE Intercontinental Exchange Inc. 0.02% 3,385 $548K No change
PFF iShares Preferred & Income S 0.02% 17,335 $537K No change
WTV Wisdomtree U.S. Value Fund 0.02% 4,885 $456K No change

Show all 141 holdings

Portfolio Sells Q3 2025 → Q4 2025
EEMV iShares MSCI Emg MKT Min Vol Reduce -0.1% 5.57% −0.81
EFAV iShares MSCI Eafe Min Vol Fa Reduce -0.3% 5.78% −0.77
IFRA iShares US Infrastructure Reduce -0.0% 3.43% −0.53
IEMG iShares Core MSCI Emerging Reduce -1.3% 3.18% −0.45
XLK SS Technology Select Sector Reduce -2.3% 2.76% −0.42
KBWB Invesco KBW Bank ETF Reduce -0.5% 5.85% −0.42
AAPL Apple Inc. Reduce -1.2% 4.45% −0.40
VLUE iShares MSCI USA Value Facto Reduce -0.8% 6.22% −0.37
JPM JPMorgan Chase & Co. Reduce -2.8% 1.99% −0.31
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 1.57% −0.24
ARTY iShares Future AI & Tech ETF Reduce -3.5% 1.75% −0.23
VWO Vanguard Ftse Emerging Marke Reduce -4.0% 0.81% −0.17
IHAK iShares Cybersecurity & Tech Reduce -1.7% 0.56% −0.15
KBE SS SPDR S&P Bank ETF Reduce -0.6% 0.99% −0.13
GS Goldman Sachs Group Inc. Reduce -3.2% 1.63% −0.12
PWB Invesco Large Cap Growth ETF Reduce -1.5% 0.79% −0.12
PWR Quanta Services Inc. Reduce -1.5% 0.62% −0.09
MSFT Microsoft Corp. Reduce -2.1% 0.31% −0.08
XLI SS Industrial Select Sector Reduce -0.2% 0.55% −0.08
BAC Bank of America Corp. Reduce -1.8% 0.80% −0.08
PWV Invesco Large Cap Value ETF Reduce -4.5% 0.41% −0.07
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -1.2% 0.44% −0.06
UNP Union Pacific Corp. Reduce -8.4% 0.22% −0.06
USMV iShares MSCI USA Min Vol Fac Reduce -1.9% 0.24% −0.04
SW Smurfit Westrock PLC Reduce -40.0% 0.04% −0.04
GOOGL Alphabet Inc. Class A Reduce -22.4% 0.29% −0.04
IWF iShares Russell 1000 Growth Reduce -8.6% 0.15% −0.04
VHT Vanguard Health Care ETF Reduce -67.4% 0.02% −0.04
CTAS Cintas Corp. Reduce -12.9% 0.07% −0.03
NVDA Nvidia Corp. Reduce -9.1% 0.10% −0.03
HEEM iShares Crncy Hedgd MSCI Em Reduce -44.4% 0.02% −0.02
IDNA iShares Gen-Immunology HLTH Reduce -4.4% 0.27% −0.02
DHR Danaher Corp. Sold out 0.00% −0.02
AMZN Amazon.com Inc. Reduce -1.0% 0.10% −0.01
SMLF iShares US Smallcap Equity F Reduce -1.8% 0.06% −0.01
ESGE iShares Inc. iShares ESG Awar Sold out 0.00% −0.01
ALL Allstate Corp. Sold out 0.00% −0.01
EEMA iShares MSCI Emerg MRKT Asia Reduce -6.8% 0.04% −0.01
XPH SS SPDR S&P Pharma ETF Reduce -9.1% 0.10% −0.01
SOXX iShares Semiconductor ETF Reduce -0.6% 0.18% −0.01
LMT Lockheed Martin Corp. Reduce -7.7% 0.03% −0.01
ADBE Adobe Inc. Reduce -2.8% 0.04% −0.01
SUSL iShares ESG MSCI USA Leaders Reduce -27.5% 0.01% −0.01
DIS The Walt Disney Co. Reduce -7.5% 0.01% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -14.1% 0.01% −0.00
INTC Intel Corp. Reduce -11.2% 0.01% −0.00
SUSC iShares ESG Aware Usd Corpor Reduce -8.5% 0.01% −0.00
C Citigroup Inc. Reduce -1.0% 0.23% −0.00
V Visa Inc. Class A Reduce -9.9% 0.01% −0.00
MS Morgan Stanley Reduce -0.5% 0.02% −0.00

Portfolio Buys Q3 2025 → Q4 2025
QUAL iShares MSCI USA Quality Fac Add +0.1% 9.08% +8.95
BINC iShares Flex I A ETF-Usd Inc. Add +27.4% 4.65% +0.42
FDX FedEx Corp. Add +3.9% 0.21% +0.02
HD Home Depot Inc. New 0.02% +0.02
IXJ iShares Global Healthcare Et New 0.01% +0.01
PBE Invesco Biotechnology & Geno New 0.01% +0.01
MA Mastercard Inc. Class A New 0.01% +0.01
GOOG Alphabet Inc. Class C Add +1.2% 0.06% +0.01
COST Costco Wholesale Corp. Add +1.9% 0.01% −0.00
STBA S & T Bancorp Inc. Add +0.2% 0.04% −0.00
VCSH Vanguard S/T Corp. Bond ETF Add +1.6% 0.03% −0.00
IEFA iShares Core MSCI Eafe ETF Add +1.0% 0.10% −0.01
META Meta Platforms Inc. Class A Add +6.7% 0.07% −0.01
OEF iShares S&P 100 ETF Add +7.5% 0.41% −0.02
ORCL Oracle Corp. Add +0.4% 0.02% −0.02
XLV SS Health Care Select Sector Add +0.0% 1.38% −0.05
IGSB iShares 1-5Y Inv Grade Corp. Add +1.0% 0.45% −0.06
XLF SS Financial Select Sector Add +2.6% 0.90% −0.09
J Jacobs Solutions Inc. Add +0.5% 0.31% −0.09
GII State Street SPDR S&P Global Add +0.1% 0.67% −0.10
VIG Vanguard Dividend Apprec ETF Add +0.3% 0.95% −0.12
HDV iShares Core High Dividend E Add +0.5% 0.88% −0.13
IQLT iShares MSCI International Q Add +0.1% 1.33% −0.15
IWY iShares Russell Top 200 Grow Add +1.9% 2.12% −0.24
RSP Invesco S&P 500 Equal Weight Add +0.7% 2.10% −0.27
VUSB Vanguard Ultra Short Bond Et Add +3.7% 2.69% −0.30
VEU Vanguard Ftse All-World Ex-U Add +0.0% 2.72% −0.31
IVV iShares Core S&P 500 ETF Add +1.0% 2.96% −0.33
VYM Vanguard High DVD Yield ETF Add +0.0% 4.87% −0.62

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