# Wharton Business Group, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1513126. Source: https://holderbook.com/funds/1513126-wharton-business-group-llc/

- Reported value: $3.0B
- Positions: 142
- Weight of the ten largest: 52.1%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $256.1M | 1,167,255 | 8.6% | 31 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $213.1M | 1,066,732 | 7.1% | 31 |
| ISHARES INC | [EEMV](https://holderbook.com/stocks/EEMV/) | $172.8M | 2,294,992 | 5.8% | 19 |
| INVESCO EXCH TRADED FD TR II | [KBWB](https://holderbook.com/stocks/KBWB/) | $164.4M | 1,767,605 | 5.5% | 31 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $160.6M | 3,067,790 | 5.4% | 12 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $146.6M | 1,671,587 | 4.9% | 27 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $129.7M | 820,989 | 4.3% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $117.4M | 405,851 | 3.9% | 19 |
| ISHARES TR | [IFRA](https://holderbook.com/stocks/IFRA/) | $100.4M | 1,592,700 | 3.4% | 16 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $95.8M | 1,155,957 | 3.2% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $85.9M | 450,797 | 2.9% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $73.8M | 881,721 | 2.5% | 19 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $71.6M | 1,437,741 | 2.4% | 20 |
| ISHARES TR | [ARTY](https://holderbook.com/stocks/ARTY/) | $70.5M | 930,967 | 2.4% | 25 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $62.5M | 83,433 | 2.1% | 19 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $61.9M | 290,918 | 2.1% | 21 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $59.0M | 203,184 | 2.0% | 19 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $53.1M | 162,098 | 1.8% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $49.0M | 48,491 | 1.6% | 25 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $42.9M | 40,314 | 1.4% | 19 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $40.9M | 81,672 | 1.4% | 19 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $38.6M | 779,050 | 1.3% | 12 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $36.8M | 232,139 | 1.2% | 31 |
| SPDR SERIES TRUST | [KBE](https://holderbook.com/stocks/KBE/) | $36.6M | 537,221 | 1.2% | 31 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $34.7M | 662,380 | 1.2% | 19 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $33.2M | 46,586 | 1.1% | 19 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $31.5M | 598,286 | 1.1% | 2 |
| BLACKROCK ETF TRUST | [IDEF](https://holderbook.com/stocks/IDEF/) | $27.5M | 865,845 | 0.9% | 2 |
| INVESCO EXCHANGE TRADED FD T | [PWB](https://holderbook.com/stocks/PWB/) | $27.1M | 160,799 | 0.9% | 31 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $26.7M | 495,030 | 0.9% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $24.7M | 104,183 | 0.8% | 19 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $24.2M | 33,545 | 0.8% | 12 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $23.4M | 436,687 | 0.8% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $23.2M | 388,891 | 0.8% | 19 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $21.9M | 799,575 | 0.7% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $21.3M | 374,259 | 0.7% | 19 |
| SPDR INDEX SHS FDS | [GII](https://holderbook.com/stocks/GII/) | $19.3M | 254,990 | 0.6% | 8 |
| ISHARES TR | [IHF](https://holderbook.com/stocks/IHF/) | $18.6M | 335,810 | 0.6% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $17.6M | 21,181 | 0.6% | 31 |
| ISHARES TR | [IHAK](https://holderbook.com/stocks/IHAK/) | $17.5M | 288,965 | 0.6% | 25 |
| ISHARES TR | [XT](https://holderbook.com/stocks/XT/) | $16.8M | 202,875 | 0.6% | 21 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $16.5M | 140,534 | 0.6% | 31 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $13.5M | 273,580 | 0.5% | 19 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $12.1M | 33,074 | 0.4% | 19 |
| INVESCO EXCHANGE TRADED FD T | [PWV](https://holderbook.com/stocks/PWV/) | $11.8M | 155,635 | 0.4% | 31 |
| ISHARES TR | [EXI](https://holderbook.com/stocks/EXI/) | $11.7M | 58,345 | 0.4% | 19 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $9.8M | 15,330 | 0.3% | 8 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $9.8M | 40,400 | 0.3% | 19 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $9.3M | 120,725 | 0.3% | 12 |
| ISHARES TR | [IDNA](https://holderbook.com/stocks/IDNA/) | $9.1M | 268,472 | 0.3% | 25 |
| ISHARES TR | [MCHI](https://holderbook.com/stocks/MCHI/) | $8.5M | 166,865 | 0.3% | 12 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $7.9M | 62,600 | 0.3% | 16 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $7.3M | 23,411 | 0.2% | 21 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $7.1M | 50,778 | 0.2% | 19 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $6.7M | 24,731 | 0.2% | 17 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $6.4M | 66,592 | 0.2% | 23 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $6.0M | 126,685 | 0.2% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.0M | 13,443 | 0.2% | 19 |
| TEXTRON INC | [TXT](https://holderbook.com/stocks/TXT/) | $4.8M | 52,320 | 0.2% | 12 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $4.5M | 2,270 | 0.2% | 21 |
| ISHARES TR | [XVV](https://holderbook.com/stocks/XVV/) | $4.3M | 75,920 | 0.1% | 22 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $4.2M | 34,088 | 0.1% | 19 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $4.1M | 42,115 | 0.1% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.1M | 15,606 | 0.1% | 25 |
| SPDR SERIES TRUST | [XPH](https://holderbook.com/stocks/XPH/) | $3.1M | 46,395 | 0.1% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $2.8M | 29,093 | 0.1% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.7M | 11,395 | 0.1% | 19 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $2.5M | 13,632 | 0.1% | 31 |
| HUNT J B TRANS SVCS INC | [JBHT](https://holderbook.com/stocks/JBHT/) | $2.3M | 7,961 | 0.1% | 17 |
| ISHARES TR | [SMLF](https://holderbook.com/stocks/SMLF/) | $1.9M | 21,700 | 0.1% | 21 |
| ISHARES TR | [CNYA](https://holderbook.com/stocks/CNYA/) | $1.7M | 43,605 | 0.1% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.6M | 4,642 | 0.1% | 31 |
| GLOBAL X FDS | [CHIQ](https://holderbook.com/stocks/CHIQ/) | $1.6M | 98,567 | 0.1% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.5M | 17,675 | 0.0% | 18 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $1.4M | 8,128 | 0.0% | 5 |
| ISHARES INC | [EEMA](https://holderbook.com/stocks/EEMA/) | $1.4M | 11,722 | 0.0% | 19 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.4M | 2,424 | 0.0% | 27 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $1.3M | 30,402 | 0.0% | 5 |
| S & T BANCORP INC | [STBA](https://holderbook.com/stocks/STBA/) | $1.3M | 27,033 | 0.0% | 19 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.2M | 1,000 | 0.0% | 6 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $1.1M | 24,424 | 0.0% | 8 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $1.1M | 13,605 | 0.0% | 8 |
| NEXTNAV INC | [NN](https://holderbook.com/stocks/NN/) | $1.0M | 56,360 | 0.0% | 7 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $1.0M | 31,703 | 0.0% | 19 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $989.2K | 10,345 | 0.0% | 20 |
| MID PENN BANCORP INC | [MPB](https://holderbook.com/stocks/MPB/) | $944.4K | 27,108 | 0.0% | 31 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $924.3K | 25,090 | 0.0% | 5 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $884.3K | 5,410 | 0.0% | 19 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $860.8K | 6,165 | 0.0% | 19 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $797.6K | 665 | 0.0% | 13 |
| ISHARES INC | [HEEM](https://holderbook.com/stocks/HEEM/) | $709.6K | 15,865 | 0.0% | 31 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $691.2K | 4,780 | 0.0% | 15 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $654.0K | 2,656 | 0.0% | 19 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $608.1K | 2,909 | 0.0% | 19 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $595.6K | 4,660 | 0.0% | 20 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $558.3K | 2,723 | 0.0% | 27 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $511.2K | 1,715 | 0.0% | 19 |
| WISDOMTREE TR | [WTV](https://holderbook.com/stocks/WTV/) | $496.9K | 4,885 | 0.0% | 20 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $494.0K | 1,140 | 0.0% | 2 |
| INVESCO EXCH TRADED FD TR II | [PSCT](https://holderbook.com/stocks/PSCT/) | $483.0K | 5,230 | 0.0% | 12 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +15.6% | +14.8% | +0.8% | 100% |
| Q1 2026 | -0.6% | -4.6% | +4.0% | 100% |
| Q4 2025 | +3.4% | +2.4% | +1.0% | 100% |
| Q3 2025 | +7.2% | +7.8% | -0.6% | 100% |
| Q2 2025 | +7.9% | +10.5% | -2.5% | 100% |
| Q1 2025 | -1.2% | -4.6% | +3.3% | 100% |
| Q4 2024 | -0.7% | +2.1% | -2.8% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.0B | 142 |
| Q1 2026 | $2.6B | 141 |
| Q4 2025 | $2.6B | 141 |
| Q3 2025 | $2.3B | 140 |
| Q2 2025 | $2.4B | 137 |
| Q1 2025 | $2.2B | 137 |
| Q4 2024 | $2.2B | 137 |
| Q3 2024 | $2.2B | 141 |
| Q2 2024 | $1.9B | 138 |
| Q1 2024 | $2.1B | 135 |
| Q4 2023 | $2.0B | 133 |
| Q3 2023 | $1.8B | 139 |