Wharton Business Group, LLC
Long book
$2.65B
Q1 2026
Positions
141
Top-10 weight
53%
concentration
Last quarter
+15.4%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsWharton Business Group, LLC is a wealth-management firm allocating client money, running a $2.65B US long book across 141 positions.
The portfolio is concentrated: the top 10 names carry 53% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES MSCI USA QUALITY FAC, ISHARES MSCI USA VALUE FACTO, ISHARES MSCI EAFE MIN VOL FA, ISHARES MSCI EMG MKT MIN VOL, INVESCO KBW BANK ETF.
Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.8%
Q2 2024
+7.6%
Q3 2024
+0.1%
Q4 2024
-0.9%
Q1 2025
+8.6%
Q2 2025
+7.6%
Q3 2025
+4.2%
Q4 2025
-0.3%
Q1 2026
+15.4%
Sector allocation
Financials 36%
Technology 32%
Industrials 29%
Consumer discretionary 1%
Other 1%
Healthcare 0%
Energy 0%
Services media 0%
Long book by quarter
What does Wharton Business own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 429.5K | $109.0M | 4.1% | -0.3% |
| JPM JPMORGAN CHASE & CO | Financials | 162.4K | $47.8M | 1.8% | -0.1% |
| GS GOLDMAN SACHS GROUP INC | Financials | 48.5K | $41.0M | 1.5% | -0.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 81.9K | $39.2M | 1.5% | 0.0% |
| CAT CATERPILLAR INC | Industrials | 47.1K | $33.4M | 1.3% | -2.9% |
| CMI CUMMINS INC | Industrials | 51.2K | $27.5M | 1.0% | -1.6% |
| PWR QUANTA SERVICES INC | Industrials | 38.8K | $21.3M | 0.8% | -0.3% |
| BAC BANK OF AMERICA CORP | Financials | 378.2K | $18.4M | 0.7% | -0.8% |
| CSCO CISCO SYSTEMS INC | Technology | 140.5K | $10.9M | 0.4% | Held |
| GM GENERAL MOTORS CO | Industrials | 120.7K | $9.0M | 0.3% | Held |
| J JACOBS SOLUTIONS INC | Industrials | 62.4K | $7.9M | 0.3% | +0.4% |
| FDX FEDEX CORP | Industrials | 18.8K | $6.7M | 0.3% | -0.2% |
| GOOGL ALPHABET INC-CL A | Technology | 23.2K | $6.7M | 0.3% | -4.3% |
| UNP UNION PACIFIC CORP | Industrials | 25.0K | $6.1M | 0.2% | 0.0% |
| C CITIGROUP INC | Financials | 50.9K | $5.8M | 0.2% | -0.1% |
| CSX CSX CORP | Industrials | 126.7K | $5.2M | 0.2% | Held |
| MSFT MICROSOFT CORP | Technology | 13.4K | $5.0M | 0.2% | -21.3% |
| TXT TEXTRON INC | Industrials | 52.3K | $4.6M | 0.2% | Held |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 2.3K | $3.0M | 0.1% | Held |
| NVDA NVIDIA CORP | Technology | 15.5K | $2.7M | 0.1% | +8.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 11.4K | $2.4M | 0.1% | Held |
| JBHT HUNT (JB) TRANSPRT SVCS INC | Industrials | 8.4K | $1.8M | 0.1% | +3.4% |
| META META PLATFORMS INC-CLASS A | Technology | 2.6K | $1.5M | 0.1% | Held |
| WFC WELLS FARGO & CO | Financials | 17.7K | $1.4M | 0.1% | Held |
| CTAS CINTAS CORP | Other | 8.1K | $1.4M | 0.1% | -14.3% |
| GOOG ALPHABET INC-CL C | Technology | 4.6K | $1.3M | 0.1% | Held |
| STBA S & T BANCORP INC | Financials | 26.3K | $1.1M | 0.0% | +0.2% |
| SW SMURFIT WESTROCK PLC | Other | 24.9K | $991K | 0.0% | -7.0% |
| GEV GE VERNOVA INC | Industrials | 1.1K | $991K | 0.0% | Held |
| NN NEXTNAV INC | Technology | 56.4K | $903K | 0.0% | Held |
| MPB MID PENN BANCORP INC | Financials | 27.1K | $872K | 0.0% | Held |
| ADBE ADOBE INC | Technology | 2.7K | $662K | 0.0% | Held |
| LLY ELI LILLY & CO | Healthcare | 665 | $612K | 0.0% | Held |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 4.8K | $567K | 0.0% | Held |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 2.7K | $553K | 0.0% | Held |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 3.4K | $532K | 0.0% | Held |
| MS MORGAN STANLEY | Financials | 3.0K | $486K | 0.0% | -8.9% |
| ORCL ORACLE CORP | Technology | 3.2K | $472K | 0.0% | +0.3% |
| CVX CHEVRON CORP | Energy | 2.2K | $459K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 141 | $2.65B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 141 | $2.63B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 140 | $2.29B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 137 | $2.37B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 137 | $2.21B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 137 | $2.22B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 141 | $2.23B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 138 | $1.94B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 135 | $2.08B | $K fixed canonical | SEC ↗ |