Wharton Business Group, LLC — AI-Powered 13F Analysis

CIK: 0001513126

Diversified strategyMomentum followerSector-focused

Total reported value

$2.6B

Reporting period: 2026-03-31 · Number of holdings: 141

Wharton Business Group, LLC disclosed 141 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.6B and a quarterly turnover rate of 8.1%.

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Personality snowflake

Concentration: 14.74
Portfolio Stability: 8.07
Momentum/Contrarian: 100
Sector conviction: 89.86
Diversification: 100
Sizing Uniformity: 79.44

Wharton Business Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.037 — mathematically equivalent to about 27 equally-sized positions, well below its 141 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 2.06), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 16% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Trim XLI
-85.1%　-$12.3M
Add BINC
+11.8%　$12.2M
Trim KBWB
+0.1%　-$9.3M
Trim QUAL
-0.0%　-$8.3M
Trim AAPL
-0.3%　-$8.2M
Trim XLK
-3.5%　-$7.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	QUAL	Ishares Msci USA Quality Fac	ETF-Other	8.71%	-0.37%	-0.04%
2	VLUE	Ishares Msci USA Value Facto	ETF-Other	6.20%	-0.02%	-3.57%
3	EFAV	Ishares Msci Eafe Min Vol Fa	ETF-Other	5.92%	+0.14%	-2.71%
4	EEMV	Ishares Msci Emg Mkt Min Vol	ETF-Other	5.74%	+0.17%	+2.54%
5	KBWB	Invesco Kbw Bank ETF	ETF-Other	5.46%	-0.39%	+0.12%
6	BINC	Ishares Flex I A Etf-usd INC	ETF-Other	5.09%	+0.44%	+11.78%
7	VYM	Vanguard High Dvd Yield ETF	ETF-Other	4.97%	+0.10%	-0.34%
8	AAPL	Apple INC	Stock-Tech	4.12%	-0.33%	-0.33%
9	IFRA	Ishares US Infrastructure	ETF-Other	3.72%	+0.29%	+0.47%
10	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	3.24%	+0.06%	-1.35%
11	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	2.80%	-0.16%	-0.24%
12	VUSB	Vanguard Ultra Short Bond Et	ETF-Other	2.68%	—	+0.40%
13	VEU	Vanguard Ftse All-world Ex-u	ETF-Other	2.50%	-0.22%	-9.50%
14	XLK	Ss Technology Select Sector	ETF-Tech	2.44%	-0.32%	-3.50%
15	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	2.10%	—	+0.57%
16	IWY	Ishares Russell Top 200 Grow	ETF-Other	1.89%	-0.23%	+0.10%
17	JPM	Jpmorgan Chase & Co	Stock-Financials	1.80%	-0.19%	-0.11%
18	ARTY	Ishares Future Ai & Tech ETF	ETF-Tech	1.68%	-0.07%	+0.02%
19	GS	Goldman Sachs Group INC	Stock-Financials	1.55%	-0.08%	-0.59%
20	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	1.48%	-0.09%	-0.02%
21	IQLT	Ishares Msci International Q	ETF-Other	1.36%	+0.03%	+1.34%
22	XLV	Ss Health Care Select Sector	ETF-Other	1.29%	-0.09%	-0.60%
23	CAT	Caterpillar INC	Stock-Industrials	1.26%	+0.20%	-2.88%
24	KBE	Ss Spdr S&p Bank ETF	ETF-Other	1.21%	+0.22%	+24.99%
25	CMI	Cummins INC	Stock-Industrials	1.04%	+0.03%	-1.61%
26	IDEF	Ishares Def Industrials Act	ETF-Other	1.03%	+1.03%	NEW
27	HDV	Ishares Core High Dividend E	ETF-Other	0.99%	+0.11%	+0.74%
28	VIG	Vanguard Dividend Apprec ETF	ETF-Other	0.93%	-0.02%	-0.01%
29	PRF	Invesco Rafi US 1000 ETF	ETF-Other	0.89%	+0.01%	+0.38%
30	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	0.81%	—	-0.34%
31	PWR	Quanta Services INC	Stock-Industrials	0.80%	+0.18%	-0.27%
32	XLF	Ss Financial Select Sector	ETF-Other	0.80%	-0.10%	-0.77%
33	PWB	Invesco Large Cap Growth ETF	ETF-Large Cap & Growth	0.78%	—	—
34	GII	State Street Spdr S&p Global	ETF-Other	0.73%	+0.06%	+1.07%
35	BAC	Bank Of America CORP	Stock-Financials	0.70%	-0.10%	-0.80%
36	BAI	Ishrs Ai In And Tech Act ETF	ETF-Tech	0.69%	+0.69%	NEW
37	IHI	Ishares U.s. Medical Devices	ETF-Other	0.59%	-0.12%	-2.19%
38	IHF	Ishares U.s. Healthcare Prov	ETF-Other	0.53%	-0.08%	—
39	IHAK	Ishares Cybersecurity & Tech	ETF-Tech	0.52%	-0.04%	+3.73%
40	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	0.52%	+0.07%	+18.86%
41	XT	Ishar Fture Exp Tech Etf-usd	ETF-Tech	0.52%	—	—
42	VBR	Vanguard Small-cap Value ETF	ETF-Other	0.44%	—	-1.24%
43	CSCO	Cisco Systems INC	Stock-Tech	0.41%	—	—
44	PWV	Invesco Large Cap Value ETF	ETF-Large Cap & Growth	0.41%	—	-4.36%
45	EXI	Ishares Global Industrials E	ETF-Other	0.40%	—	-1.23%
46	OEF	Ishares S&p 100 ETF	ETF-Other	0.38%	-0.03%	+1.61%
47	MCHI	Ishares Msci China ETF	ETF-Emerging Markets	0.35%	-0.03%	-0.02%
48	GM	General Motors Co	Stock-Consumer Disc	0.34%	-0.03%	—
49	J	Jacobs Solutions INC	Stock-Industrials	0.30%	—	+0.39%
50	IDNA	Ishares Gen-immunology Hlth	ETF-Other	0.30%	+0.03%	-1.16%

1–50 of 141

Portfolio Performance

Performance for Q3 2026

+6.5%

Performance Last 4 Quarters

+32.3%

Based on 73% of reported portfolio value with available pricing

Stdev: +12.6%
Beta: +0.91
Alpha: +2.5%
Max Drawdown: -7.4%
Annualized Perf: +20.2%
Batting Avg vs S&P: +55.6%
Sortino: +3.22
Stutzer: +0.45
Treynor: +0.21
Sterling: +1.24
Calmar: +2.71
Information Ratio: +0.19
Tracking Error: +4.4%
Stdev Down: +6%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: +40.3%
Worst 12 Months: +7.5%
Efficiency Ratio: +0.62
Sharpe: +1.53
Stdev Sectors: +14.1%
Skewness: +0.08
Kurtosis: -0.24
Upside Potential: +4.92

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	141	$2.6B	8	1QUAL 2VLUE 3EFAV Top holdings2026-03-31 1.QUAL 2.VLUE 3.EFAV 4.EEMV 5.KBWB 6.BINC 7.VYM 8.AAPL 9.IFRA 10.IEMG
2025-12-31	141	$2.6B	15	1QUAL 2VLUE 3KBWB Top holdings2025-12-31 1.QUAL 2.VLUE 3.KBWB 4.EFAV 5.EEMV 6.VYM 7.BINC 8.AAPL 9.IFRA 10.IEMG
2025-09-30	140	$2.3B	24	1VLUE 2EFAV 3EEMV Top holdings2025-09-30 1.VLUE 2.EFAV 3.EEMV 4.KBWB 5.VYM 6.AAPL 7.BINC 8.IFRA 9.IEMG 10.IVV
2025-06-30	137	$2.4B	0	1QUAL 2EFAV 3EEMV Top holdings2025-06-30 1.QUAL 2.EFAV 3.EEMV 4.KBWB 5.VLUE 6.VYM 7.AAPL 8.BINC 9.IFRA 10.IEMG
2025-03-31	137	$2.2B	100	1QUAL 2VLUE 3EEMV Top holdings2025-03-31 1.QUAL 2.VLUE 3.EEMV 4.EFAV 5.VYM 6.KBWB 7.AAPL 8.BINC 9.IEMG 10.IFRA
2024-12-31	137	$2.2B	0	1QUAL 2VLUE 3EEMV Top holdings2024-12-31 1.QUAL 2.VLUE 3.EEMV 4.EFAV 5.KBWB 6.VYM 7.AAPL 8.IEMG 9.IFRA 10.VUSB
2024-09-30	141	$2.2B	0	1QUAL 2VLUE 3KBWB Top holdings2024-09-30 1.QUAL 2.VLUE 3.KBWB 4.VYM 5.EEMV 6.AAPL 7.EFAV 8.IEMG 9.VUSB 10.IFRA
2024-06-30	138	$1.9B	0	1QUAL 2VLUE 3EEMV Top holdings2024-06-30 1.QUAL 2.VLUE 3.EEMV 4.EFAV 5.AAPL 6.VYM 7.KBWB 8.IEMG 9.VUSB 10.XLK
2024-03-31	135	$2.1B	0	1VUSB 2QUAL 3VLUE Top holdings2024-03-31 1.VUSB 2.QUAL 3.VLUE 4.EEMV 5.EFAV 6.VYM 7.KBWB 8.AAPL 9.IEMG 10.XLK
2023-12-31	133	$2.0B	0	1VUSB 2QUAL 3EFAV Top holdings2023-12-31 1.VUSB 2.QUAL 3.EFAV 4.VLUE 5.EEMV 6.AAPL 7.VYM 8.KBWB 9.IEMG 10.XLK
2023-09-30	139	$1.8B	0	1VUSB 2QUAL 3VLUE Top holdings2023-09-30 1.VUSB 2.QUAL 3.VLUE 4.EFAV 5.EEMV 6.AAPL 7.VYM 8.IEMG 9.XLK 10.KBWB
2023-06-30	133	$1.5B	0	1QUAL 2EFAV 3IEMG Top holdings2023-06-30 1.QUAL 2.EFAV 3.IEMG 4.AAPL 5.VUSB 6.VLUE 7.IVV 8.EEMV 9.XLK 10.VYM
2023-03-31	137	$1.7B	0	1VUSB 2QUAL 3EFAV Top holdings2023-03-31 1.VUSB 2.QUAL 3.EFAV 4.IEMG 5.VLUE 6.AAPL 7.IVV 8.EEMV 9.XLK 10.VYM
2022-12-31	141	$1.7B	0	1VUSB 2QUAL 3EFAV Top holdings2022-12-31 1.VUSB 2.QUAL 3.EFAV 4.IEMG 5.EEMV 6.VLUE 7.IVV 8.AAPL 9.VYM 10.XLK
2022-09-30	131	$1.5B	0	1VUSB 2QUAL 3EFAV Top holdings2022-09-30 1.VUSB 2.QUAL 3.EFAV 4.IEMG 5.VLUE 6.AAPL 7.IVV 8.EEMV 9.VYM 10.XLK
2022-06-30	131	$1.5B	0	1VUSB 2QUAL 3IEMG Top holdings2022-06-30 1.VUSB 2.QUAL 3.IEMG 4.EFAV 5.VLUE 6.AAPL 7.IVV 8.EEMV 9.VYM 10.XLK
2022-03-31	132	$1.6B	0	1VUSB 2QUAL 3IEMG Top holdings2022-03-31 1.VUSB 2.QUAL 3.IEMG 4.EFAV 5.VLUE 6.AAPL 7.IVV 8.XLK 9.EEMV 10.KBWB
2021-12-31	130	$1.6B	0	1QUAL 2VUSB 3IEMG Top holdings2021-12-31 1.QUAL 2.VUSB 3.IEMG 4.VLUE 5.EFAV 6.AAPL 7.IVV 8.XLK 9.KBWB 10.EEMV
2021-09-30	66	$985.6M	0	1VUSB 2QUAL 3IEMG Top holdings2021-09-30 1.VUSB 2.QUAL 3.IEMG 4.EFAV 5.VLUE 6.XLK 7.KBWB 8.XLV 9.JPM 10.XLI
2021-06-30	120	$1.3B	100	1QUAL 2IEMG 3IVV Top holdings2021-06-30 1.QUAL 2.IEMG 3.IVV 4.EFAV 5.AAPL 6.VLUE 7.XLK 8.EEMV 9.KBWB 10.XLV
2021-03-31	121	$1.3B	9	1QUAL 2IEMG 3EFAV Top holdings2021-03-31 1.QUAL 2.IEMG 3.EFAV 4.IVV 5.AAPL 6.EEMV 7.KBWB 8.VLUE 9.XLK 10.VEU
2020-12-31	116	$1.2B	19	1QUAL 2IEMG 3EFAV Top holdings2020-12-31 1.QUAL 2.IEMG 3.EFAV 4.AAPL 5.IVV 6.EEMV 7.KBWB 8.XLK 9.VLUE 10.VEU
2020-09-30	110	$1.1B	16	1QUAL 2IEMG 3EFAV Top holdings2020-09-30 1.QUAL 2.IEMG 3.EFAV 4.AAPL 5.IVV 6.EEMV 7.XLK 8.KBWB 9.VLUE 10.XLV
2020-06-30	113	$1.0B	22	1QUAL 2IEMG 3EFAV Top holdings2020-06-30 1.QUAL 2.IEMG 3.EFAV 4.XLK 5.IVV 6.KBWB 7.EEMV 8.AAPL 9.VLUE 10.XLV
2020-03-31	101	$884.7M	31	1QUAL 2IEMG 3EFAV Top holdings2020-03-31 1.QUAL 2.IEMG 3.EFAV 4.XLK 5.IVV 6.KBWB 7.AAPL 8.HDV 9.XLV 10.VLUE
2019-12-31	118	$1.1B	18	1IEMG 2QUAL 3KBWB Top holdings2019-12-31 1.IEMG 2.QUAL 3.KBWB 4.IVV 5.XLK 6.HDV 7.AAPL 8.EFAV 9.VEU 10.XLV
2019-09-30	100	$997.8M	6	1IEMG 2QUAL 3KBWB Top holdings2019-09-30 1.IEMG 2.QUAL 3.KBWB 4.IVV 5.XLK 6.IEFA 7.HDV 8.VEU 9.AAPL 10.VWO
2019-06-30	101	$981.6M	5	1IEMG 2QUAL 3KBWB Top holdings2019-06-30 1.IEMG 2.QUAL 3.KBWB 4.IVV 5.IEFA 6.XLK 7.HDV 8.VWO 9.VLUE 10.AAPL
2019-03-31	100	$966.2M	15	1IEMG 2QUAL 3KBWB Top holdings2019-03-31 1.IEMG 2.QUAL 3.KBWB 4.IVV 5.XLK 6.IEFA 7.HDV 8.AAPL 9.VWO 10.EEMA
2018-12-31	97	$848.5M	23	1IEMG 2QUAL 3KBWB Top holdings2018-12-31 1.IEMG 2.QUAL 3.KBWB 4.IVV 5.IEFA 6.XLK 7.HDV 8.VWO 9.EEMA 10.AAPL
2018-09-30	101	$1.0B	8	1IEMG 2QUAL 3KBWB Top holdings2018-09-30 1.IEMG 2.QUAL 3.KBWB 4.PFF 5.IVV 6.XLK 7.HDV 8.IEFA 9.AAPL 10.XLE
2018-06-30	102	$960.7M	31	1IEMG 2QUAL 3KBWB Top holdings2018-06-30 1.IEMG 2.QUAL 3.KBWB 4.PFF 5.IVV 6.XLK 7.HDV 8.IEFA 9.BBRCUSD 10.XLE
2018-03-31	100	$967.0M	8	1IEMG273937B3QUAL Top holdings2018-03-31 1.IEMG 2.73937B 3.QUAL 4.PFF 5.IVV 6.XLK 7.HDV 8.IEFA 9.BBRCUSD 10.EEMA
2017-12-31	107	$963.6M	8	1IEMG273937B3QUAL Top holdings2017-12-31 1.IEMG 2.73937B 3.QUAL 4.PFF 5.IVV 6.HDV 7.XLK 8.IEFA 9.BBRCUSD 10.EEMA
2017-09-30	107	$946.4M	7	1IEMG273937B3QUAL Top holdings2017-09-30 1.IEMG 2.73937B 3.QUAL 4.PFF 5.IVV 6.HDV 7.XLK 8.IEFA 9.BBRCUSD 10.HEFA
2017-06-30	112	$938.3M	18	1IEMG273937B3PFF Top holdings2017-06-30 1.IEMG 2.73937B 3.PFF 4.QUAL 5.IVV 6.HDV 7.XLK 8.IEFA 9.BBRCUSD 10.HEFA
2017-03-31	113	$935.7M	21	1HDV273937B3PFF Top holdings2017-03-31 1.HDV 2.73937B 3.PFF 4.IVV 5.IEMG 6.XLK 7.QUAL 8.XLE 9.BBRCUSD 10.HEFA
2016-12-31	109	$844.2M	40	173937B2HDV 3PFF Top holdings2016-12-31 1.73937B 2.HDV 3.PFF 4.XLK 5.IEMG 6.IVV 7.XLE 8.OEF 9.BBRCUSD 10.HEFA
2016-09-30	115	$811.3M	19	1PFF 2OEF373937B Top holdings2016-09-30 1.PFF 2.OEF 3.73937B 4.XLK 5.XLE 6.268461 7.EEMA 8.HDV 9.IEMG 10.HEFA
2016-06-30	124	$845.0M	15	1PFF 2OEF373937B Top holdings2016-06-30 1.PFF 2.OEF 3.73937B 4.HEEM 5.XLK 6.268461 7.HEFA 8.XLE 9.EEMA 10.PWVUSD
2016-03-31	123	$905.2M	18	1OEF 2HEEM 3PFF Top holdings2016-03-31 1.OEF 2.HEEM 3.PFF 4.73937B 5.XLK 6.268461 7.XLE 8.HEFA 9.VBR 10.EEMA
2015-12-31	128	$1.0B	18	1OEF 2HEEM 3PFF Top holdings2015-12-31 1.OEF 2.HEEM 3.PFF 4.HEFA 5.KBE 6.73937B 7.XLK 8.XLE 9.EEMA 10.268461
2015-09-30	127	$1.0B	69	1HEEM 2PFF 3HEFA Top holdings2015-09-30 1.HEEM 2.PFF 3.HEFA 4.KBE 5.OEF 6.73937B 7.EEMA 8.XLK 9.VBR 10.XLE
2015-06-30	132	$1.5B	45	1OEF 2PFF 3EEMA Top holdings2015-06-30 1.OEF 2.PFF 3.EEMA 4.KBE 5.XLE 6.268461 7.EEM 8.EPP 9.VBR 10.73937B
2015-03-31	139	$1.2B	30	173935B2PFF 3EEMA Top holdings2015-03-31 1.73935B 2.PFF 3.EEMA 4.268461 5.OEF 6.KBE 7.XLE 8.EPP 9.EEM 10.VBR
2014-12-31	135	$1.2B	34	173935B2OEF 3KBE Top holdings2014-12-31 1.73935B 2.OEF 3.KBE 4.268461 5.EEMA 6.XLE 7.EPP 8.EEM 9.XLK 10.VBR
2014-09-30	143	$1.1B	33	1VWO273935B3EEMV Top holdings2014-09-30 1.VWO 2.73935B 3.EEMV 4.KBE 5.DEM 6.OEF 7.268461 8.XLK 9.VBR 10.PFF
2014-06-30	142	$906.3M	62	1VWO 2KBE 3EEMV Top holdings2014-06-30 1.VWO 2.KBE 3.EEMV 4.DEM 5.268461 6.XLK 7.CMI 8.VBR 9.EPP 10.XESUSD
2014-03-31	150	$1.2B	18	1KBE 2OEF 3VWO Top holdings2014-03-31 1.KBE 2.OEF 3.VWO 4.VYM 5.EEMV 6.AMJEUR 7.XLK 8.73935X 9.DEM 10.AAPL
2013-12-31	148	$1.2B	22	1EEMV 2KBE 3OEF Top holdings2013-12-31 1.EEMV 2.KBE 3.OEF 4.VWO 5.VYM 6.AMJEUR 7.DEM 8.73935X 9.PFF 10.XLK
2013-09-30	147	$1.2B	12	1PFF 2EEMV 3KBE Top holdings2013-09-30 1.PFF 2.EEMV 3.KBE 4.OEF 5.VWO 6.VYM 7.AMJEUR 8.DEM 9.73935X 10.XLK
2013-06-30	143	$1.1B	—	1PFF 2EEMV 3KBE Top holdings2013-06-30 1.PFF 2.EEMV 3.KBE 4.OEF 5.VWO 6.VYM 7.AMJEUR 8.73935X 9.XLK 10.REZ

Holding changes this quarter

Wharton Business Group, LLC's most significant position changes for 2026-03-31: New buy: Ishares Def Industrials Act (IDEF); New buy: Ishrs Ai In And Tech Act ETF (BAI); Sold out: Ishares Morningstar Growth E (ILCG); Trim: Ss Industrial Select Sector (XLI) — shares -85.08%; Add: Ishares Flex I A Etf-usd INC (BINC) — shares +11.78%.

Position changes disclosed by Wharton Business Group, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	BINC	Ishares Flex I A Etf-usd INC	+0.4%	+11.78%	Add
2	IFRA	Ishares US Infrastructure	+0.3%	+0.47%	Add
3	KBE	Ss Spdr S&p Bank ETF	+0.2%	+24.99%	Add
4	CAT	Caterpillar INC	+0.2%	-2.88%	Trim
5	PWR	Quanta Services INC	+0.2%	-0.27%	Trim
6	EEMV	Ishares Msci Emg Mkt Min Vol	+0.2%	+2.54%	Add
7	EFAV	Ishares Msci Eafe Min Vol Fa	+0.1%	-2.71%	Trim
8	HDV	Ishares Core High Dividend E	+0.1%	+0.74%	Add
9	VYM	Vanguard High Dvd Yield ETF	+0.1%	-0.34%	Trim
10	IGSB	Ishares 1-5y Inv Grade CORP	+0.1%	+18.86%	Add
11	IEMG	Ishares Core Msci Emerging	+0.1%	-1.35%	Trim
12	GII	State Street Spdr S&p Global	+0.1%	+1.07%	Add
13	FDX	Fedex CORP	0%	-0.24%	Trim
14	IQLT	Ishares Msci International Q	0%	+1.34%	Add
15	CMI	Cummins INC	0%	-1.61%	Trim
16	IDNA	Ishares Gen-immunology Hlth	0%	-1.16%	Trim
17	CSX	Csx CORP	0%	—	Unchanged
18	ASML	ASML Holding N.V.	0%	—	Unchanged
19	PRF	Invesco Rafi US 1000 ETF	0%	+0.38%	Add
20	RSP	Invesco S&p 500 Equal Weight	—	+0.57%	Add
21	VIG	Vanguard Dividend Apprec ETF	0%	-0.01%	Trim
22	VLUE	Ishares Msci USA Value Facto	0%	-3.57%	Trim
23	LMT	Lockheed Martin CORP	0%	-70.29%	Trim
24	CTAS	Cintas CORP	0%	-14.33%	Trim
25	GM	General Motors Co	0%	—	Unchanged
26	MCHI	Ishares Msci China ETF	0%	-0.02%	Trim
27	OEF	Ishares S&p 100 ETF	0%	+1.61%	Add
28	GOOGL	Alphabet Inc-cl A	0%	-4.31%	Trim
29	IHAK	Ishares Cybersecurity & Tech	0%	+3.73%	Add
30	ARTY	Ishares Future Ai & Tech ETF	-0.1%	+0.02%	Add
31	IHF	Ishares U.s. Healthcare Prov	-0.1%	—	Unchanged
32	GS	Goldman Sachs Group INC	-0.1%	-0.59%	Trim
33	XLV	Ss Health Care Select Sector	-0.1%	-0.60%	Trim
34	BRK-B	Berkshire Hathaway Inc-cl B	-0.1%	-0.02%	Trim
35	BAC	Bank Of America CORP	-0.1%	-0.80%	Trim
36	XLF	Ss Financial Select Sector	-0.1%	-0.77%	Trim
37	MSFT	Microsoft CORP	-0.1%	-21.34%	Trim
38	IHI	Ishares U.s. Medical Devices	-0.1%	-2.19%	Trim
39	IVV	Ishares Core S&p 500 ETF	-0.2%	-0.24%	Trim
40	JPM	Jpmorgan Chase & Co	-0.2%	-0.11%	Trim
41	VEU	Vanguard Ftse All-world Ex-u	-0.2%	-9.50%	Trim
42	IWY	Ishares Russell Top 200 Grow	-0.2%	+0.10%	Add
43	XLK	Ss Technology Select Sector	-0.3%	-3.50%	Trim
44	AAPL	Apple INC	-0.3%	-0.33%	Trim
45	QUAL	Ishares Msci USA Quality Fac	-0.4%	-0.04%	Trim
46	KBWB	Invesco Kbw Bank ETF	-0.4%	+0.12%	Add
47	XLI	Ss Industrial Select Sector	-0.5%	-85.08%	Trim
48	IDEF	Ishares Def Industrials Act	—	NEW	New buy
49	BAI	Ishrs Ai In And Tech Act ETF	—	NEW	New buy
50	ILCG	Ishares Morningstar Growth E	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-07	13F-HR	View on EDGAR
2025-12-31	2026-02-11	13F-HR	View on EDGAR
2025-09-30	2025-11-10	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-09	13F-HR	View on EDGAR
2024-12-31	2025-02-04	13F-HR	View on EDGAR
2024-09-30	2024-11-07	13F-HR	View on EDGAR
2024-06-30	2024-08-12	13F-HR	View on EDGAR
2024-03-31	2024-05-13	13F-HR	View on EDGAR
2023-12-31	2024-02-07	13F-HR	View on EDGAR
2023-09-30	2023-11-06	13F-HR	View on EDGAR
2023-06-30	2023-08-07	13F-HR	View on EDGAR
2023-03-31	2023-05-04	13F-HR	View on EDGAR
2022-12-31	2023-02-13	13F-HR	View on EDGAR
2022-09-30	2022-10-31	13F-HR	View on EDGAR
2022-06-30	2022-08-09	13F-HR	View on EDGAR
2022-03-31	2022-05-18	Amendment	View on EDGAR
2022-03-31	2022-05-11	13F-HR	View on EDGAR
2021-12-31	2022-02-10	13F-HR	View on EDGAR
2021-09-30	2021-11-09	13F-HR	View on EDGAR
2021-06-30	2021-08-11	13F-HR	View on EDGAR
2021-03-31	2021-05-10	13F-HR	View on EDGAR
2020-12-31	2021-02-11	13F-HR	View on EDGAR
2020-09-30	2020-11-06	13F-HR	View on EDGAR
2020-06-30	2020-08-11	13F-HR	View on EDGAR
2020-03-31	2020-04-27	13F-HR	View on EDGAR
2019-12-31	2020-02-04	13F-HR	View on EDGAR
2019-09-30	2019-10-30	13F-HR	View on EDGAR
2019-06-30	2019-08-08	13F-HR	View on EDGAR
2019-03-31	2019-05-01	13F-HR	View on EDGAR
2018-12-31	2019-02-08	13F-HR	View on EDGAR
2018-09-30	2018-11-06	13F-HR	View on EDGAR
2018-06-30	2018-08-09	13F-HR	View on EDGAR
2018-03-31	2018-05-03	13F-HR	View on EDGAR
2017-12-31	2018-02-12	13F-HR	View on EDGAR
2017-09-30	2017-11-02	13F-HR	View on EDGAR
2017-06-30	2017-08-10	13F-HR	View on EDGAR
2017-03-31	2017-05-08	13F-HR	View on EDGAR
2016-12-31	2017-02-10	13F-HR	View on EDGAR
2016-09-30	2016-11-10	13F-HR	View on EDGAR
2016-06-30	2016-08-08	13F-HR	View on EDGAR
2016-03-31	2016-05-12	13F-HR	View on EDGAR
2015-12-31	2016-02-09	13F-HR	View on EDGAR
2015-09-30	2015-11-09	13F-HR	View on EDGAR
2015-06-30	2015-08-10	13F-HR	View on EDGAR
2015-03-31	2015-05-14	13F-HR	View on EDGAR
2014-12-31	2015-02-12	13F-HR	View on EDGAR
2014-09-30	2014-11-12	13F-HR	View on EDGAR
2014-06-30	2014-08-11	13F-HR	View on EDGAR
2014-03-31	2014-05-15	13F-HR	View on EDGAR
2013-12-31	2014-02-07	13F-HR	View on EDGAR
2013-09-30	2013-11-13	13F-HR	View on EDGAR
2013-06-30	2013-08-12	13F-HR	View on EDGAR

FAQ

What is Wharton Business Group, LLC and what type of investor is it?

Wharton Business Group, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.6B, spread across 141 disclosed positions.

What are Wharton Business Group, LLC's largest equity positions?

Based on the latest 13F filing, Wharton Business Group, LLC's top holdings by market value are: 1. Ishares Msci USA Quality Fac (QUAL) — $230.5M (8.7%) 2. Ishares Msci USA Value Facto (VLUE) — $164.0M (6.2%) 3. Ishares Msci Eafe Min Vol Fa (EFAV) — $156.6M (5.9%) 4. Ishares Msci Emg Mkt Min Vol (EEMV) — $151.9M (5.7%) 5. Invesco Kbw Bank ETF (KBWB) — $144.6M (5.5%)

What changes did Wharton Business Group, LLC make in its most recent portfolio filing?

In the latest reported quarter, Wharton Business Group, LLC made 46 notable position adjustments: 2 new positions were initiated, 15 existing holdings were added to, 28 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Ishares Def Industrials Act (IDEF); New buy: Ishrs Ai In And Tech Act ETF (BAI); Sold out: Ishares Morningstar Growth E (ILCG); Trim: Ss Industrial Select Sector (XLI) — shares -85.08%; Add: Ishares Flex I A Etf-usd INC (BINC) — shares +11.78%

What sectors does Wharton Business Group, LLC focus on?

Wharton Business Group, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 36.0% • Information Technology: 30.9% • Industrials: 27.0% • Consumer Discretionary: 3.0% • Communication Services: 2.2% • Health Care: 0.4%

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Total reported value

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Wharton Business Group, LLC — AI-Powered 13F Analysis

CIK: 0001513126

Diversified strategyMomentum followerSector-focused

Total reported value

$2.6B

Reporting period: 2026-03-31 · Number of holdings: 141

Wharton Business Group, LLC disclosed 141 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.6B and a quarterly turnover rate of 8.1%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "W"

Personality snowflake

Concentration: 14.74
Portfolio Stability: 8.07
Momentum/Contrarian: 100
Sector conviction: 89.86
Diversification: 100
Sizing Uniformity: 79.44

Position sizes vary widely across the portfolio (a coefficient of variation of 2.06), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim XLI
-85.1%　-$12.3M
Add BINC
+11.8%　$12.2M
Trim KBWB
+0.1%　-$9.3M
Trim QUAL
-0.0%　-$8.3M
Trim AAPL
-0.3%　-$8.2M
Trim XLK
-3.5%　-$7.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	QUAL	Ishares Msci USA Quality Fac	ETF-Other	8.71%	-0.37%	-0.04%
2	VLUE	Ishares Msci USA Value Facto	ETF-Other	6.20%	-0.02%	-3.57%
3	EFAV	Ishares Msci Eafe Min Vol Fa	ETF-Other	5.92%	+0.14%	-2.71%
4	EEMV	Ishares Msci Emg Mkt Min Vol	ETF-Other	5.74%	+0.17%	+2.54%
5	KBWB	Invesco Kbw Bank ETF	ETF-Other	5.46%	-0.39%	+0.12%
6	BINC	Ishares Flex I A Etf-usd INC	ETF-Other	5.09%	+0.44%	+11.78%
7	VYM	Vanguard High Dvd Yield ETF	ETF-Other	4.97%	+0.10%	-0.34%
8	AAPL	Apple INC	Stock-Tech	4.12%	-0.33%	-0.33%
9	IFRA	Ishares US Infrastructure	ETF-Other	3.72%	+0.29%	+0.47%
10	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	3.24%	+0.06%	-1.35%
11	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	2.80%	-0.16%	-0.24%
12	VUSB	Vanguard Ultra Short Bond Et	ETF-Other	2.68%	—	+0.40%
13	VEU	Vanguard Ftse All-world Ex-u	ETF-Other	2.50%	-0.22%	-9.50%
14	XLK	Ss Technology Select Sector	ETF-Tech	2.44%	-0.32%	-3.50%
15	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	2.10%	—	+0.57%
16	IWY	Ishares Russell Top 200 Grow	ETF-Other	1.89%	-0.23%	+0.10%
17	JPM	Jpmorgan Chase & Co	Stock-Financials	1.80%	-0.19%	-0.11%
18	ARTY	Ishares Future Ai & Tech ETF	ETF-Tech	1.68%	-0.07%	+0.02%
19	GS	Goldman Sachs Group INC	Stock-Financials	1.55%	-0.08%	-0.59%
20	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	1.48%	-0.09%	-0.02%
21	IQLT	Ishares Msci International Q	ETF-Other	1.36%	+0.03%	+1.34%
22	XLV	Ss Health Care Select Sector	ETF-Other	1.29%	-0.09%	-0.60%
23	CAT	Caterpillar INC	Stock-Industrials	1.26%	+0.20%	-2.88%
24	KBE	Ss Spdr S&p Bank ETF	ETF-Other	1.21%	+0.22%	+24.99%
25	CMI	Cummins INC	Stock-Industrials	1.04%	+0.03%	-1.61%
26	IDEF	Ishares Def Industrials Act	ETF-Other	1.03%	+1.03%	NEW
27	HDV	Ishares Core High Dividend E	ETF-Other	0.99%	+0.11%	+0.74%
28	VIG	Vanguard Dividend Apprec ETF	ETF-Other	0.93%	-0.02%	-0.01%
29	PRF	Invesco Rafi US 1000 ETF	ETF-Other	0.89%	+0.01%	+0.38%
30	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	0.81%	—	-0.34%
31	PWR	Quanta Services INC	Stock-Industrials	0.80%	+0.18%	-0.27%
32	XLF	Ss Financial Select Sector	ETF-Other	0.80%	-0.10%	-0.77%
33	PWB	Invesco Large Cap Growth ETF	ETF-Large Cap & Growth	0.78%	—	—
34	GII	State Street Spdr S&p Global	ETF-Other	0.73%	+0.06%	+1.07%
35	BAC	Bank Of America CORP	Stock-Financials	0.70%	-0.10%	-0.80%
36	BAI	Ishrs Ai In And Tech Act ETF	ETF-Tech	0.69%	+0.69%	NEW
37	IHI	Ishares U.s. Medical Devices	ETF-Other	0.59%	-0.12%	-2.19%
38	IHF	Ishares U.s. Healthcare Prov	ETF-Other	0.53%	-0.08%	—
39	IHAK	Ishares Cybersecurity & Tech	ETF-Tech	0.52%	-0.04%	+3.73%
40	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	0.52%	+0.07%	+18.86%
41	XT	Ishar Fture Exp Tech Etf-usd	ETF-Tech	0.52%	—	—
42	VBR	Vanguard Small-cap Value ETF	ETF-Other	0.44%	—	-1.24%
43	CSCO	Cisco Systems INC	Stock-Tech	0.41%	—	—
44	PWV	Invesco Large Cap Value ETF	ETF-Large Cap & Growth	0.41%	—	-4.36%
45	EXI	Ishares Global Industrials E	ETF-Other	0.40%	—	-1.23%
46	OEF	Ishares S&p 100 ETF	ETF-Other	0.38%	-0.03%	+1.61%
47	MCHI	Ishares Msci China ETF	ETF-Emerging Markets	0.35%	-0.03%	-0.02%
48	GM	General Motors Co	Stock-Consumer Disc	0.34%	-0.03%	—
49	J	Jacobs Solutions INC	Stock-Industrials	0.30%	—	+0.39%
50	IDNA	Ishares Gen-immunology Hlth	ETF-Other	0.30%	+0.03%	-1.16%

1–50 of 141

Portfolio Performance

Performance for Q3 2026

+6.5%

Performance Last 4 Quarters

+32.3%

Based on 73% of reported portfolio value with available pricing

Stdev: +12.6%
Beta: +0.91
Alpha: +2.5%
Max Drawdown: -7.4%
Annualized Perf: +20.2%
Batting Avg vs S&P: +55.6%
Sortino: +3.22
Stutzer: +0.45
Treynor: +0.21
Sterling: +1.24
Calmar: +2.71
Information Ratio: +0.19
Tracking Error: +4.4%
Stdev Down: +6%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: +40.3%
Worst 12 Months: +7.5%
Efficiency Ratio: +0.62
Sharpe: +1.53
Stdev Sectors: +14.1%
Skewness: +0.08
Kurtosis: -0.24
Upside Potential: +4.92

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	141	$2.6B	8	1QUAL 2VLUE 3EFAV Top holdings2026-03-31 1.QUAL 2.VLUE 3.EFAV 4.EEMV 5.KBWB 6.BINC 7.VYM 8.AAPL 9.IFRA 10.IEMG
2025-12-31	141	$2.6B	15	1QUAL 2VLUE 3KBWB Top holdings2025-12-31 1.QUAL 2.VLUE 3.KBWB 4.EFAV 5.EEMV 6.VYM 7.BINC 8.AAPL 9.IFRA 10.IEMG
2025-09-30	140	$2.3B	24	1VLUE 2EFAV 3EEMV Top holdings2025-09-30 1.VLUE 2.EFAV 3.EEMV 4.KBWB 5.VYM 6.AAPL 7.BINC 8.IFRA 9.IEMG 10.IVV
2025-06-30	137	$2.4B	0	1QUAL 2EFAV 3EEMV Top holdings2025-06-30 1.QUAL 2.EFAV 3.EEMV 4.KBWB 5.VLUE 6.VYM 7.AAPL 8.BINC 9.IFRA 10.IEMG
2025-03-31	137	$2.2B	100	1QUAL 2VLUE 3EEMV Top holdings2025-03-31 1.QUAL 2.VLUE 3.EEMV 4.EFAV 5.VYM 6.KBWB 7.AAPL 8.BINC 9.IEMG 10.IFRA
2024-12-31	137	$2.2B	0	1QUAL 2VLUE 3EEMV Top holdings2024-12-31 1.QUAL 2.VLUE 3.EEMV 4.EFAV 5.KBWB 6.VYM 7.AAPL 8.IEMG 9.IFRA 10.VUSB
2024-09-30	141	$2.2B	0	1QUAL 2VLUE 3KBWB Top holdings2024-09-30 1.QUAL 2.VLUE 3.KBWB 4.VYM 5.EEMV 6.AAPL 7.EFAV 8.IEMG 9.VUSB 10.IFRA
2024-06-30	138	$1.9B	0	1QUAL 2VLUE 3EEMV Top holdings2024-06-30 1.QUAL 2.VLUE 3.EEMV 4.EFAV 5.AAPL 6.VYM 7.KBWB 8.IEMG 9.VUSB 10.XLK
2024-03-31	135	$2.1B	0	1VUSB 2QUAL 3VLUE Top holdings2024-03-31 1.VUSB 2.QUAL 3.VLUE 4.EEMV 5.EFAV 6.VYM 7.KBWB 8.AAPL 9.IEMG 10.XLK
2023-12-31	133	$2.0B	0	1VUSB 2QUAL 3EFAV Top holdings2023-12-31 1.VUSB 2.QUAL 3.EFAV 4.VLUE 5.EEMV 6.AAPL 7.VYM 8.KBWB 9.IEMG 10.XLK
2023-09-30	139	$1.8B	0	1VUSB 2QUAL 3VLUE Top holdings2023-09-30 1.VUSB 2.QUAL 3.VLUE 4.EFAV 5.EEMV 6.AAPL 7.VYM 8.IEMG 9.XLK 10.KBWB
2023-06-30	133	$1.5B	0	1QUAL 2EFAV 3IEMG Top holdings2023-06-30 1.QUAL 2.EFAV 3.IEMG 4.AAPL 5.VUSB 6.VLUE 7.IVV 8.EEMV 9.XLK 10.VYM
2023-03-31	137	$1.7B	0	1VUSB 2QUAL 3EFAV Top holdings2023-03-31 1.VUSB 2.QUAL 3.EFAV 4.IEMG 5.VLUE 6.AAPL 7.IVV 8.EEMV 9.XLK 10.VYM
2022-12-31	141	$1.7B	0	1VUSB 2QUAL 3EFAV Top holdings2022-12-31 1.VUSB 2.QUAL 3.EFAV 4.IEMG 5.EEMV 6.VLUE 7.IVV 8.AAPL 9.VYM 10.XLK
2022-09-30	131	$1.5B	0	1VUSB 2QUAL 3EFAV Top holdings2022-09-30 1.VUSB 2.QUAL 3.EFAV 4.IEMG 5.VLUE 6.AAPL 7.IVV 8.EEMV 9.VYM 10.XLK
2022-06-30	131	$1.5B	0	1VUSB 2QUAL 3IEMG Top holdings2022-06-30 1.VUSB 2.QUAL 3.IEMG 4.EFAV 5.VLUE 6.AAPL 7.IVV 8.EEMV 9.VYM 10.XLK
2022-03-31	132	$1.6B	0	1VUSB 2QUAL 3IEMG Top holdings2022-03-31 1.VUSB 2.QUAL 3.IEMG 4.EFAV 5.VLUE 6.AAPL 7.IVV 8.XLK 9.EEMV 10.KBWB
2021-12-31	130	$1.6B	0	1QUAL 2VUSB 3IEMG Top holdings2021-12-31 1.QUAL 2.VUSB 3.IEMG 4.VLUE 5.EFAV 6.AAPL 7.IVV 8.XLK 9.KBWB 10.EEMV
2021-09-30	66	$985.6M	0	1VUSB 2QUAL 3IEMG Top holdings2021-09-30 1.VUSB 2.QUAL 3.IEMG 4.EFAV 5.VLUE 6.XLK 7.KBWB 8.XLV 9.JPM 10.XLI
2021-06-30	120	$1.3B	100	1QUAL 2IEMG 3IVV Top holdings2021-06-30 1.QUAL 2.IEMG 3.IVV 4.EFAV 5.AAPL 6.VLUE 7.XLK 8.EEMV 9.KBWB 10.XLV
2021-03-31	121	$1.3B	9	1QUAL 2IEMG 3EFAV Top holdings2021-03-31 1.QUAL 2.IEMG 3.EFAV 4.IVV 5.AAPL 6.EEMV 7.KBWB 8.VLUE 9.XLK 10.VEU
2020-12-31	116	$1.2B	19	1QUAL 2IEMG 3EFAV Top holdings2020-12-31 1.QUAL 2.IEMG 3.EFAV 4.AAPL 5.IVV 6.EEMV 7.KBWB 8.XLK 9.VLUE 10.VEU
2020-09-30	110	$1.1B	16	1QUAL 2IEMG 3EFAV Top holdings2020-09-30 1.QUAL 2.IEMG 3.EFAV 4.AAPL 5.IVV 6.EEMV 7.XLK 8.KBWB 9.VLUE 10.XLV
2020-06-30	113	$1.0B	22	1QUAL 2IEMG 3EFAV Top holdings2020-06-30 1.QUAL 2.IEMG 3.EFAV 4.XLK 5.IVV 6.KBWB 7.EEMV 8.AAPL 9.VLUE 10.XLV
2020-03-31	101	$884.7M	31	1QUAL 2IEMG 3EFAV Top holdings2020-03-31 1.QUAL 2.IEMG 3.EFAV 4.XLK 5.IVV 6.KBWB 7.AAPL 8.HDV 9.XLV 10.VLUE
2019-12-31	118	$1.1B	18	1IEMG 2QUAL 3KBWB Top holdings2019-12-31 1.IEMG 2.QUAL 3.KBWB 4.IVV 5.XLK 6.HDV 7.AAPL 8.EFAV 9.VEU 10.XLV
2019-09-30	100	$997.8M	6	1IEMG 2QUAL 3KBWB Top holdings2019-09-30 1.IEMG 2.QUAL 3.KBWB 4.IVV 5.XLK 6.IEFA 7.HDV 8.VEU 9.AAPL 10.VWO
2019-06-30	101	$981.6M	5	1IEMG 2QUAL 3KBWB Top holdings2019-06-30 1.IEMG 2.QUAL 3.KBWB 4.IVV 5.IEFA 6.XLK 7.HDV 8.VWO 9.VLUE 10.AAPL
2019-03-31	100	$966.2M	15	1IEMG 2QUAL 3KBWB Top holdings2019-03-31 1.IEMG 2.QUAL 3.KBWB 4.IVV 5.XLK 6.IEFA 7.HDV 8.AAPL 9.VWO 10.EEMA
2018-12-31	97	$848.5M	23	1IEMG 2QUAL 3KBWB Top holdings2018-12-31 1.IEMG 2.QUAL 3.KBWB 4.IVV 5.IEFA 6.XLK 7.HDV 8.VWO 9.EEMA 10.AAPL
2018-09-30	101	$1.0B	8	1IEMG 2QUAL 3KBWB Top holdings2018-09-30 1.IEMG 2.QUAL 3.KBWB 4.PFF 5.IVV 6.XLK 7.HDV 8.IEFA 9.AAPL 10.XLE
2018-06-30	102	$960.7M	31	1IEMG 2QUAL 3KBWB Top holdings2018-06-30 1.IEMG 2.QUAL 3.KBWB 4.PFF 5.IVV 6.XLK 7.HDV 8.IEFA 9.BBRCUSD 10.XLE
2018-03-31	100	$967.0M	8	1IEMG273937B3QUAL Top holdings2018-03-31 1.IEMG 2.73937B 3.QUAL 4.PFF 5.IVV 6.XLK 7.HDV 8.IEFA 9.BBRCUSD 10.EEMA
2017-12-31	107	$963.6M	8	1IEMG273937B3QUAL Top holdings2017-12-31 1.IEMG 2.73937B 3.QUAL 4.PFF 5.IVV 6.HDV 7.XLK 8.IEFA 9.BBRCUSD 10.EEMA
2017-09-30	107	$946.4M	7	1IEMG273937B3QUAL Top holdings2017-09-30 1.IEMG 2.73937B 3.QUAL 4.PFF 5.IVV 6.HDV 7.XLK 8.IEFA 9.BBRCUSD 10.HEFA
2017-06-30	112	$938.3M	18	1IEMG273937B3PFF Top holdings2017-06-30 1.IEMG 2.73937B 3.PFF 4.QUAL 5.IVV 6.HDV 7.XLK 8.IEFA 9.BBRCUSD 10.HEFA
2017-03-31	113	$935.7M	21	1HDV273937B3PFF Top holdings2017-03-31 1.HDV 2.73937B 3.PFF 4.IVV 5.IEMG 6.XLK 7.QUAL 8.XLE 9.BBRCUSD 10.HEFA
2016-12-31	109	$844.2M	40	173937B2HDV 3PFF Top holdings2016-12-31 1.73937B 2.HDV 3.PFF 4.XLK 5.IEMG 6.IVV 7.XLE 8.OEF 9.BBRCUSD 10.HEFA
2016-09-30	115	$811.3M	19	1PFF 2OEF373937B Top holdings2016-09-30 1.PFF 2.OEF 3.73937B 4.XLK 5.XLE 6.268461 7.EEMA 8.HDV 9.IEMG 10.HEFA
2016-06-30	124	$845.0M	15	1PFF 2OEF373937B Top holdings2016-06-30 1.PFF 2.OEF 3.73937B 4.HEEM 5.XLK 6.268461 7.HEFA 8.XLE 9.EEMA 10.PWVUSD
2016-03-31	123	$905.2M	18	1OEF 2HEEM 3PFF Top holdings2016-03-31 1.OEF 2.HEEM 3.PFF 4.73937B 5.XLK 6.268461 7.XLE 8.HEFA 9.VBR 10.EEMA
2015-12-31	128	$1.0B	18	1OEF 2HEEM 3PFF Top holdings2015-12-31 1.OEF 2.HEEM 3.PFF 4.HEFA 5.KBE 6.73937B 7.XLK 8.XLE 9.EEMA 10.268461
2015-09-30	127	$1.0B	69	1HEEM 2PFF 3HEFA Top holdings2015-09-30 1.HEEM 2.PFF 3.HEFA 4.KBE 5.OEF 6.73937B 7.EEMA 8.XLK 9.VBR 10.XLE
2015-06-30	132	$1.5B	45	1OEF 2PFF 3EEMA Top holdings2015-06-30 1.OEF 2.PFF 3.EEMA 4.KBE 5.XLE 6.268461 7.EEM 8.EPP 9.VBR 10.73937B
2015-03-31	139	$1.2B	30	173935B2PFF 3EEMA Top holdings2015-03-31 1.73935B 2.PFF 3.EEMA 4.268461 5.OEF 6.KBE 7.XLE 8.EPP 9.EEM 10.VBR
2014-12-31	135	$1.2B	34	173935B2OEF 3KBE Top holdings2014-12-31 1.73935B 2.OEF 3.KBE 4.268461 5.EEMA 6.XLE 7.EPP 8.EEM 9.XLK 10.VBR
2014-09-30	143	$1.1B	33	1VWO273935B3EEMV Top holdings2014-09-30 1.VWO 2.73935B 3.EEMV 4.KBE 5.DEM 6.OEF 7.268461 8.XLK 9.VBR 10.PFF
2014-06-30	142	$906.3M	62	1VWO 2KBE 3EEMV Top holdings2014-06-30 1.VWO 2.KBE 3.EEMV 4.DEM 5.268461 6.XLK 7.CMI 8.VBR 9.EPP 10.XESUSD
2014-03-31	150	$1.2B	18	1KBE 2OEF 3VWO Top holdings2014-03-31 1.KBE 2.OEF 3.VWO 4.VYM 5.EEMV 6.AMJEUR 7.XLK 8.73935X 9.DEM 10.AAPL
2013-12-31	148	$1.2B	22	1EEMV 2KBE 3OEF Top holdings2013-12-31 1.EEMV 2.KBE 3.OEF 4.VWO 5.VYM 6.AMJEUR 7.DEM 8.73935X 9.PFF 10.XLK
2013-09-30	147	$1.2B	12	1PFF 2EEMV 3KBE Top holdings2013-09-30 1.PFF 2.EEMV 3.KBE 4.OEF 5.VWO 6.VYM 7.AMJEUR 8.DEM 9.73935X 10.XLK
2013-06-30	143	$1.1B	—	1PFF 2EEMV 3KBE Top holdings2013-06-30 1.PFF 2.EEMV 3.KBE 4.OEF 5.VWO 6.VYM 7.AMJEUR 8.73935X 9.XLK 10.REZ

Holding changes this quarter

Position changes disclosed by Wharton Business Group, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	BINC	Ishares Flex I A Etf-usd INC	+0.4%	+11.78%	Add
2	IFRA	Ishares US Infrastructure	+0.3%	+0.47%	Add
3	KBE	Ss Spdr S&p Bank ETF	+0.2%	+24.99%	Add
4	CAT	Caterpillar INC	+0.2%	-2.88%	Trim
5	PWR	Quanta Services INC	+0.2%	-0.27%	Trim
6	EEMV	Ishares Msci Emg Mkt Min Vol	+0.2%	+2.54%	Add
7	EFAV	Ishares Msci Eafe Min Vol Fa	+0.1%	-2.71%	Trim
8	HDV	Ishares Core High Dividend E	+0.1%	+0.74%	Add
9	VYM	Vanguard High Dvd Yield ETF	+0.1%	-0.34%	Trim
10	IGSB	Ishares 1-5y Inv Grade CORP	+0.1%	+18.86%	Add
11	IEMG	Ishares Core Msci Emerging	+0.1%	-1.35%	Trim
12	GII	State Street Spdr S&p Global	+0.1%	+1.07%	Add
13	FDX	Fedex CORP	0%	-0.24%	Trim
14	IQLT	Ishares Msci International Q	0%	+1.34%	Add
15	CMI	Cummins INC	0%	-1.61%	Trim
16	IDNA	Ishares Gen-immunology Hlth	0%	-1.16%	Trim
17	CSX	Csx CORP	0%	—	Unchanged
18	ASML	ASML Holding N.V.	0%	—	Unchanged
19	PRF	Invesco Rafi US 1000 ETF	0%	+0.38%	Add
20	RSP	Invesco S&p 500 Equal Weight	—	+0.57%	Add
21	VIG	Vanguard Dividend Apprec ETF	0%	-0.01%	Trim
22	VLUE	Ishares Msci USA Value Facto	0%	-3.57%	Trim
23	LMT	Lockheed Martin CORP	0%	-70.29%	Trim
24	CTAS	Cintas CORP	0%	-14.33%	Trim
25	GM	General Motors Co	0%	—	Unchanged
26	MCHI	Ishares Msci China ETF	0%	-0.02%	Trim
27	OEF	Ishares S&p 100 ETF	0%	+1.61%	Add
28	GOOGL	Alphabet Inc-cl A	0%	-4.31%	Trim
29	IHAK	Ishares Cybersecurity & Tech	0%	+3.73%	Add
30	ARTY	Ishares Future Ai & Tech ETF	-0.1%	+0.02%	Add
31	IHF	Ishares U.s. Healthcare Prov	-0.1%	—	Unchanged
32	GS	Goldman Sachs Group INC	-0.1%	-0.59%	Trim
33	XLV	Ss Health Care Select Sector	-0.1%	-0.60%	Trim
34	BRK-B	Berkshire Hathaway Inc-cl B	-0.1%	-0.02%	Trim
35	BAC	Bank Of America CORP	-0.1%	-0.80%	Trim
36	XLF	Ss Financial Select Sector	-0.1%	-0.77%	Trim
37	MSFT	Microsoft CORP	-0.1%	-21.34%	Trim
38	IHI	Ishares U.s. Medical Devices	-0.1%	-2.19%	Trim
39	IVV	Ishares Core S&p 500 ETF	-0.2%	-0.24%	Trim
40	JPM	Jpmorgan Chase & Co	-0.2%	-0.11%	Trim
41	VEU	Vanguard Ftse All-world Ex-u	-0.2%	-9.50%	Trim
42	IWY	Ishares Russell Top 200 Grow	-0.2%	+0.10%	Add
43	XLK	Ss Technology Select Sector	-0.3%	-3.50%	Trim
44	AAPL	Apple INC	-0.3%	-0.33%	Trim
45	QUAL	Ishares Msci USA Quality Fac	-0.4%	-0.04%	Trim
46	KBWB	Invesco Kbw Bank ETF	-0.4%	+0.12%	Add
47	XLI	Ss Industrial Select Sector	-0.5%	-85.08%	Trim
48	IDEF	Ishares Def Industrials Act	—	NEW	New buy
49	BAI	Ishrs Ai In And Tech Act ETF	—	NEW	New buy
50	ILCG	Ishares Morningstar Growth E	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-07	13F-HR	View on EDGAR
2025-12-31	2026-02-11	13F-HR	View on EDGAR
2025-09-30	2025-11-10	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-09	13F-HR	View on EDGAR
2024-12-31	2025-02-04	13F-HR	View on EDGAR
2024-09-30	2024-11-07	13F-HR	View on EDGAR
2024-06-30	2024-08-12	13F-HR	View on EDGAR
2024-03-31	2024-05-13	13F-HR	View on EDGAR
2023-12-31	2024-02-07	13F-HR	View on EDGAR
2023-09-30	2023-11-06	13F-HR	View on EDGAR
2023-06-30	2023-08-07	13F-HR	View on EDGAR
2023-03-31	2023-05-04	13F-HR	View on EDGAR
2022-12-31	2023-02-13	13F-HR	View on EDGAR
2022-09-30	2022-10-31	13F-HR	View on EDGAR
2022-06-30	2022-08-09	13F-HR	View on EDGAR
2022-03-31	2022-05-18	Amendment	View on EDGAR
2022-03-31	2022-05-11	13F-HR	View on EDGAR
2021-12-31	2022-02-10	13F-HR	View on EDGAR
2021-09-30	2021-11-09	13F-HR	View on EDGAR
2021-06-30	2021-08-11	13F-HR	View on EDGAR
2021-03-31	2021-05-10	13F-HR	View on EDGAR
2020-12-31	2021-02-11	13F-HR	View on EDGAR
2020-09-30	2020-11-06	13F-HR	View on EDGAR
2020-06-30	2020-08-11	13F-HR	View on EDGAR
2020-03-31	2020-04-27	13F-HR	View on EDGAR
2019-12-31	2020-02-04	13F-HR	View on EDGAR
2019-09-30	2019-10-30	13F-HR	View on EDGAR
2019-06-30	2019-08-08	13F-HR	View on EDGAR
2019-03-31	2019-05-01	13F-HR	View on EDGAR
2018-12-31	2019-02-08	13F-HR	View on EDGAR
2018-09-30	2018-11-06	13F-HR	View on EDGAR
2018-06-30	2018-08-09	13F-HR	View on EDGAR
2018-03-31	2018-05-03	13F-HR	View on EDGAR
2017-12-31	2018-02-12	13F-HR	View on EDGAR
2017-09-30	2017-11-02	13F-HR	View on EDGAR
2017-06-30	2017-08-10	13F-HR	View on EDGAR
2017-03-31	2017-05-08	13F-HR	View on EDGAR
2016-12-31	2017-02-10	13F-HR	View on EDGAR
2016-09-30	2016-11-10	13F-HR	View on EDGAR
2016-06-30	2016-08-08	13F-HR	View on EDGAR
2016-03-31	2016-05-12	13F-HR	View on EDGAR
2015-12-31	2016-02-09	13F-HR	View on EDGAR
2015-09-30	2015-11-09	13F-HR	View on EDGAR
2015-06-30	2015-08-10	13F-HR	View on EDGAR
2015-03-31	2015-05-14	13F-HR	View on EDGAR
2014-12-31	2015-02-12	13F-HR	View on EDGAR
2014-09-30	2014-11-12	13F-HR	View on EDGAR
2014-06-30	2014-08-11	13F-HR	View on EDGAR
2014-03-31	2014-05-15	13F-HR	View on EDGAR
2013-12-31	2014-02-07	13F-HR	View on EDGAR
2013-09-30	2013-11-13	13F-HR	View on EDGAR
2013-06-30	2013-08-12	13F-HR	View on EDGAR