Wharton Business Group, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), Wharton Business Group, LLC reported 141 stock positions worth $2.6 billion. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 8.7% of the portfolio, followed by iShares MSCI USA Value Facto (VLUE, 6.2%) and iShares MSCI Eafe Min Vol Fa (EFAV, 5.9%). Compared with Q4 2025, it opened 6 new positions, sold out of 6, added to 28 and reduced 45. The biggest buy was a new position in Ishars Def Ind TC Ac ETF-Ui (IDEF) and the biggest sale SS Industrial Select Sector (XLI, shares −85%).

Most Recent 13F
Q2 2026
Location
MALVERN, PA
CIK
0001513126
Portfolio Value
$2.6B (Q1 2026)
SEC Filing
0001513126-26-000002 ↗ filed May 7, 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 Q4 2025 Q1 2026: $2.6B $2.6B Q1 2026 Q2 2026: $3.0B Q2 2026

Holdings 141 stocks · $2.6B
QUAL iShares MSCI USA Quality Fac 8.71% 1,201,810 $230.5M Reduce -0.0%
VLUE iShares MSCI USA Value Facto 6.20% 1,153,472 $164.0M Reduce -3.6%
EFAV iShares MSCI Eafe Min Vol Fa 5.92% 1,713,828 $156.6M Reduce -2.7%
EEMV iShares MSCI Emg MKT Min Vol 5.74% 2,347,193 $151.9M Add +2.5%
KBWB Invesco KBW Bank ETF 5.46% 1,827,711 $144.6M Add +0.1%
BINC iShares Flex I A ETF-Usd Inc. 5.09% 2,592,485 $134.6M Add +11.8%
VYM Vanguard High DVD Yield ETF 4.97% 889,433 $131.7M Reduce -0.3%
AAPL Apple Inc. 4.12% 429,452 $109.0M Reduce -0.3%
IFRA iShares US Infrastructure 3.72% 1,723,025 $98.6M Add +0.5%
IEMG iShares Core MSCI Emerging 3.24% 1,228,997 $85.7M Reduce -1.4%
IVV iShares Core S&P 500 ETF 2.80% 113,488 $74.1M Reduce -0.2%
VUSB Vanguard Ultra Short Bond Et 2.68% 1,424,204 $70.9M Add +0.4%
VEU Vanguard Ftse All-World Ex-U 2.50% 881,720 $66.2M Reduce -9.5%
XLK SS Technology Select Sector 2.44% 486,310 $64.6M Reduce -3.5%
RSP Invesco S&P 500 Equal Weight 2.10% 290,228 $55.7M Add +0.6%
IWY iShares Russell Top 200 Grow 1.89% 201,369 $50.1M Add +0.1%
JPM JPMorgan Chase & Co. 1.80% 162,403 $47.8M Reduce -0.1%
ARTY iShares Future AI & Tech ETF 1.68% 954,917 $44.4M Add +0.0%
GS Goldman Sachs Group Inc. 1.55% 48,491 $41.0M Reduce -0.6%
BRK.B Berkshire Hathaway Inc. Class B 1.48% 81,882 $39.2M Reduce -0.0%
IQLT iShares MSCI International Q 1.36% 779,050 $36.0M Add +1.3%
XLV SS Health Care Select Sector 1.29% 232,563 $34.1M Reduce -0.6%
CAT Caterpillar Inc. 1.26% 47,079 $33.4M Reduce -2.9%
KBE SS SPDR S&P Bank ETF 1.21% 537,846 $32.0M Add +25.0%
CMI Cummins Inc. 1.04% 51,186 $27.5M Reduce -1.6%
IDEF Ishars Def Ind TC Ac ETF-Ui 1.03% 804,617 $27.1M New
HDV iShares Core High Dividend E 0.99% 192,438 $26.1M Add +0.7%
VIG Vanguard Dividend Apprec ETF 0.93% 113,973 $24.5M Reduce -0.0%
PRF Invesco Rafi US 1000 ETF 0.89% 495,030 $23.5M Add +0.4%
VWO Vanguard Ftse Emerging Marke 0.81% 396,930 $21.4M Reduce -0.3%
PWR Quanta Services Inc. 0.80% 38,785 $21.3M Reduce -0.3%
XLF SS Financial Select Sector 0.80% 429,947 $21.2M Reduce -0.8%
PWB Invesco Large Cap Growth ETF 0.78% 163,944 $20.6M No change
GII State Street SPDR S&P Global 0.73% 254,990 $19.4M Add +1.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.70% 378,244 $18.4M Reduce -0.8%
BAI Ishrs AI in and Tech Act ETF 0.69% 556,675 $18.3M New
IHI iShares U.S. Medical Devices 0.59% 292,975 $15.6M Reduce -2.2%
IHF iShares U.S. Healthcare Prov 0.53% 335,810 $14.1M No change
IHAK iShares Cybersecurity & Tech 0.52% 317,825 $13.9M Add +3.7%
IGSB iShares 1-5Y Inv Grade Corp. 0.52% 263,365 $13.8M Add +18.9%
XT Ishar Fture Exp Tech ETF-Usd 0.52% 202,875 $13.8M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.44% 53,419 $11.6M Reduce -1.2%
CSCO Cisco Systems Inc. 0.41% 140,534 $10.9M No change
PWV Invesco Large Cap Value ETF 0.41% 155,635 $10.8M Reduce -4.4%
EXI iShares Global Industrials E 0.40% 58,345 $10.6M Reduce -1.2%
OEF iShares S&P 100 ETF 0.38% 31,894 $10.1M Add +1.6%
MCHI iShares MSCI China ETF 0.35% 166,865 $9.4M Reduce -0.0%
GM General Motors Co. 0.34% 120,725 $9.0M No change
J Jacobs Solutions Inc. 0.30% 62,400 $7.9M Add +0.4%
IDNA iShares Gen-Immunology HLTH 0.30% 269,987 $7.8M Reduce -1.2%
FDX FedEx Corp. 0.25% 18,776 $6.7M Reduce -0.2%
GOOGL Alphabet Inc. Class A 0.25% 23,191 $6.7M Reduce -4.3%
USMV iShares MSCI USA Min Vol Fac 0.24% 67,116 $6.2M Add +0.7%
UNP Union Pacific Corp. 0.23% 25,031 $6.1M Add +0.0%
C Citigroup Inc. 0.22% 50,898 $5.8M Reduce -0.1%
SOXX iShares Semiconductor ETF 0.20% 15,874 $5.2M Reduce -1.6%
CSX CSX Corp. 0.20% 126,685 $5.2M No change
MSFT Microsoft Corp. 0.19% 13,418 $5.0M Reduce -21.3%
TXT Textron Inc. 0.17% 52,320 $4.6M No change
EMB iShares JP Morgan Usd Emergi 0.15% 42,220 $4.0M Add +0.1%
XVV iShares ESG Select Screened 0.14% 76,440 $3.8M No change
IWF iShares Russell 1000 Growth 0.14% 8,549 $3.6M Add +1.1%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.11% 2,285 $3.0M No change
NVDA Nvidia Corp. 0.10% 15,501 $2.7M Add +8.5%
IEFA iShares Core MSCI Eafe ETF 0.10% 29,518 $2.7M Reduce -3.7%
XPH SS SPDR S&P Pharma ETF 0.09% 46,395 $2.5M No change
AMZN Amazon.com Inc. 0.09% 11,395 $2.4M No change
XLI SS Industrial Select Sector 0.09% 13,972 $2.3M Reduce -85.1%
CHIQ Global X MSCI China Consumer 0.07% 98,567 $2.0M No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.07% 8,401 $1.8M Add +3.5%
SMLF iShares US Smallcap Equity F 0.06% 21,700 $1.6M Reduce -0.1%
CNYA iShares MSCI China A ETF 0.06% 43,605 $1.5M Reduce -0.2%
META Meta Platforms Inc. Class A 0.06% 2,589 $1.5M No change
WFC Wells Fargo & Co. 0.05% 17,675 $1.4M No change
CTAS Cintas Corp. 0.05% 8,128 $1.4M Reduce -14.3%
GOOG Alphabet Inc. Class C 0.05% 4,642 $1.3M No change
DFAC Dimensional US Core Equity 2 0.04% 30,402 $1.2M No change
EEMA iShares MSCI Emerg MRKT Asia 0.04% 12,097 $1.2M No change
FXI iShares China Large-Cap ETF 0.04% 31,703 $1.1M No change
STBA S & T Bancorp Inc. 0.04% 26,262 $1.1M Add +0.2%
VCSH Vanguard S/T Corp. Bond ETF 0.04% 12,970 $1.0M Add +29.6%
SW Smurfit Westrock PLC 0.04% 24,862 $991K Reduce -7.0%
GEV GE Vernova Inc. 0.04% 1,135 $991K No change
DGRW Wisdomtree U.S. Quality Divi 0.03% 10,345 $909K No change
NN Nextnav Inc. 0.03% 56,360 $903K No change
MPB Mid Penn Bancorp Inc. 0.03% 27,108 $872K No change
DFAX Dimensional World Ex US Core 0.03% 25,090 $852K No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.03% 5,410 $784K No change
ADBE Adobe Inc. 0.03% 2,723 $662K No change
LLY Eli Lilly & Co. 0.02% 665 $612K No change
HEEM iShares Crncy Hedgd MSCI Em 0.02% 16,300 $602K Reduce -7.0%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.02% 4,780 $567K No change
PNC PNC Financial Services Group 0.02% 2,656 $553K No change
ICE Intercontinental Exchange Inc. 0.02% 3,385 $532K No change
PFF iShares Preferred & Income S 0.02% 17,335 $526K No change
VONG Vanguard Russell 1000 Growth 0.02% 4,660 $511K No change
MS Morgan Stanley 0.02% 2,954 $486K Reduce -8.9%
ORCL Oracle Corp. 0.02% 3,208 $472K Add +0.3%
WTV Wisdomtree U.S. Value Fund 0.02% 4,885 $463K No change
CVX Chevron Corp. 0.02% 2,219 $459K No change
INTU Intuit Inc. 0.02% 1,035 $448K No change
JNJ Johnson & Johnson 0.02% 1,813 $443K No change
VHT Vanguard Health Care ETF 0.02% 1,519 $414K Add +2.4%
AMGN Amgen Inc. 0.02% 1,172 $413K No change
EFV iShares MSCI Eafe Value ETF 0.02% 5,515 $410K No change
HD Home Depot Inc. 0.02% 1,231 $405K No change
COP Conocophillips 0.02% 3,065 $405K No change
CI The Cigna Group 0.02% 1,511 $403K No change
IA Innovative Solutions & Supp 0.01% 19,395 $398K No change
EPP iShares MSCI Pacific Ex Japa 0.01% 7,127 $379K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.01% 1,858 $365K No change
ADSK Autodesk Inc. 0.01% 1,445 $346K No change
PAYX Paychex Inc. 0.01% 3,715 $342K No change
VRT Vertiv Holdings Co. Class A 0.01% 1,335 $335K No change
TXN Texas Instruments Inc. 0.01% 1,715 $333K No change
IWD iShares Russell 1000 Value E 0.01% 1,496 $320K No change
BLK BlackRock Inc. 0.01% 330 $317K No change
PSCT Invesco S&P Smallcap Informa 0.01% 5,230 $314K No change
SUSL iShares ESG MSCI USA Leaders 0.01% 2,725 $310K Reduce -3.0%
IXJ iShares Global Healthcare Et 0.01% 3,220 $301K No change
INTC Intel Corp. 0.01% 6,700 $296K Reduce -34.1%
SPGP Invesco S&P 500 Garp ETF 0.01% 2,645 $285K Add +22.2%
ACN Accenture PLC Class A 0.01% 1,350 $268K No change
COST Costco Wholesale Corp. 0.01% 266 $265K No change
WELL Welltower Inc. 0.01% 1,300 $257K No change
ZION Zions Bancorp NA 0.01% 4,460 $257K No change
LMT Lockheed Martin Corp. 0.01% 410 $248K Reduce -70.3%
VTI VG Morningstar TS MKT ETF-US 0.01% 765 $245K No change
LRCX Lam Research Corp. 0.01% 1,140 $244K New
BABA Alibaba Group Holding-SP ADR 0.01% 1,900 $238K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 2,343 $226K Reduce -2.5%
FCX Freeport-McMoran Inc. 0.01% 3,710 $218K New
PLTR Palantir Technologies Inc. Class A 0.01% 1,450 $212K No change
QQQ Invesco QQQ Trust Series 1 0.01% 366 $211K No change
VLO Valero Energy Corp. 0.01% 834 $206K New
FCF First Commonwealth Finl Corp. 0.01% 11,685 $205K No change
SUSC iShares ESG Aware Usd Corpor 0.01% 8,760 $203K Reduce -4.7%
PBE Invesco Biotechnology & Geno 0.01% 2,547 $202K Reduce -7.0%
PTY PIMCO Corporate & Income Opp 0.01% 14,643 $177K New
BDJ BlackRock Enhanced Eqty DVD 0.01% 19,004 $164K No change
NNVC Nanoviricides Inc. 0.00% 15,736 $14K No change

Portfolio Sells Q4 2025 → Q1 2026
XLI SS Industrial Select Sector Reduce -85.1% 0.09% −0.47
QUAL iShares MSCI USA Quality Fac Reduce -0.0% 8.71% −0.37
AAPL Apple Inc. Reduce -0.3% 4.12% −0.34
XLK SS Technology Select Sector Reduce -3.5% 2.44% −0.32
VEU Vanguard Ftse All-World Ex-U Reduce -9.5% 2.50% −0.22
JPM JPMorgan Chase & Co. Reduce -0.1% 1.80% −0.19
IVV iShares Core S&P 500 ETF Reduce -0.2% 2.80% −0.16
MSFT Microsoft Corp. Reduce -21.3% 0.19% −0.13
IHI iShares U.S. Medical Devices Reduce -2.2% 0.59% −0.12
BAC Bank of America Corp. Reduce -0.8% 0.70% −0.10
XLF SS Financial Select Sector Reduce -0.8% 0.80% −0.10
XLV SS Health Care Select Sector Reduce -0.6% 1.29% −0.09
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.0% 1.48% −0.08
GS Goldman Sachs Group Inc. Reduce -0.6% 1.55% −0.08
GOOGL Alphabet Inc. Class A Reduce -4.3% 0.25% −0.04
ILCG iShares Morningstar Growth E Sold out 0.00% −0.03
MCHI iShares MSCI China ETF Reduce -0.0% 0.35% −0.03
VIG Vanguard Dividend Apprec ETF Reduce -0.0% 0.93% −0.03
VLUE iShares MSCI USA Value Facto Reduce -3.6% 6.20% −0.02
LMT Lockheed Martin Corp. Reduce -70.3% 0.01% −0.02
CTAS Cintas Corp. Reduce -14.3% 0.05% −0.02
SNOW Snowflake Inc. Sold out 0.00% −0.01
V Visa Inc. Class A Sold out 0.00% −0.01
CGNX Cognex Corp. Sold out 0.00% −0.01
C Citigroup Inc. Reduce -0.1% 0.22% −0.01
IJH iShares Core S&P Midcap ETF Sold out 0.00% −0.01
MA Mastercard Inc. Class A Sold out 0.00% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -0.3% 0.81% −0.00
MS Morgan Stanley Reduce -8.9% 0.02% −0.00
IEFA iShares Core MSCI Eafe ETF Reduce -3.7% 0.10% −0.00
INTC Intel Corp. Reduce -34.1% 0.01% −0.00
DIS The Walt Disney Co. Reduce -2.5% 0.01% −0.00
SW Smurfit Westrock PLC Reduce -7.0% 0.04% −0.00
PWV Invesco Large Cap Value ETF Reduce -4.4% 0.41% −0.00
SUSL iShares ESG MSCI USA Leaders Reduce -3.0% 0.01% −0.00
CNYA iShares MSCI China A ETF Reduce -0.2% 0.06% −0.00
PBE Invesco Biotechnology & Geno Reduce -7.0% 0.01% −0.00
SUSC iShares ESG Aware Usd Corpor Reduce -4.7% 0.01% −0.00
HEEM iShares Crncy Hedgd MSCI Em Reduce -7.0% 0.02% −0.00
SMLF iShares US Smallcap Equity F Reduce -0.1% 0.06% 0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -1.2% 0.44% +0.00
EXI iShares Global Industrials E Reduce -1.2% 0.40% +0.01
SOXX iShares Semiconductor ETF Reduce -1.6% 0.20% +0.01
IDNA iShares Gen-Immunology HLTH Reduce -1.2% 0.30% +0.02
CMI Cummins Inc. Reduce -1.6% 1.04% +0.03
FDX FedEx Corp. Reduce -0.2% 0.25% +0.05
IEMG iShares Core MSCI Emerging Reduce -1.4% 3.24% +0.05
VYM Vanguard High DVD Yield ETF Reduce -0.3% 4.97% +0.10
EFAV iShares MSCI Eafe Min Vol Fa Reduce -2.7% 5.92% +0.14
PWR Quanta Services Inc. Reduce -0.3% 0.80% +0.18

Portfolio Buys Q4 2025 → Q1 2026
IDEF Ishars Def Ind TC Ac ETF-Ui New 1.03% +1.03
BAI Ishrs AI in and Tech Act ETF New 0.69% +0.69
BINC iShares Flex I A ETF-Usd Inc. Add +11.8% 5.09% +0.43
IFRA iShares US Infrastructure Add +0.5% 3.72% +0.29
KBE SS SPDR S&P Bank ETF Add +25.0% 1.21% +0.22
EEMV iShares MSCI Emg MKT Min Vol Add +2.5% 5.74% +0.17
HDV iShares Core High Dividend E Add +0.7% 0.99% +0.10
IGSB iShares 1-5Y Inv Grade Corp. Add +18.9% 0.52% +0.08
GII State Street SPDR S&P Global Add +1.1% 0.73% +0.06
IQLT iShares MSCI International Q Add +1.3% 1.36% +0.03
UNP Union Pacific Corp. Add +0.0% 0.23% +0.01
LRCX Lam Research Corp. New 0.01% +0.01
PRF Invesco Rafi US 1000 ETF Add +0.4% 0.89% +0.01
VCSH Vanguard S/T Corp. Bond ETF Add +29.6% 0.04% +0.01
FCX Freeport-McMoran Inc. New 0.01% +0.01
VLO Valero Energy Corp. New 0.01% +0.01
JBHT Hunt (jb) Transprt SVCS Inc. Add +3.5% 0.07% +0.01
PTY PIMCO Corporate & Income Opp New 0.01% +0.01
STBA S & T Bancorp Inc. Add +0.2% 0.04% +0.00
RSP Invesco S&P 500 Equal Weight Add +0.6% 2.10% +0.00
SPGP Invesco S&P 500 Garp ETF Add +22.2% 0.01% +0.00
NVDA Nvidia Corp. Add +8.5% 0.10% +0.00
VHT Vanguard Health Care ETF Add +2.4% 0.02% −0.00
USMV iShares MSCI USA Min Vol Fac Add +0.7% 0.24% −0.00
EMB iShares JP Morgan Usd Emergi Add +0.1% 0.15% −0.00
ORCL Oracle Corp. Add +0.3% 0.02% −0.01
VUSB Vanguard Ultra Short Bond Et Add +0.4% 2.68% −0.01
J Jacobs Solutions Inc. Add +0.4% 0.30% −0.01
IWF iShares Russell 1000 Growth Add +1.1% 0.14% −0.01
OEF iShares S&P 100 ETF Add +1.6% 0.38% −0.03
IHAK iShares Cybersecurity & Tech Add +3.7% 0.52% −0.04
ARTY iShares Future AI & Tech ETF Add +0.0% 1.68% −0.07
IWY iShares Russell Top 200 Grow Add +0.1% 1.89% −0.23
KBWB Invesco KBW Bank ETF Add +0.1% 5.46% −0.39

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