Skip to main content
Livermore
Livermore
ZHEN

Wharton Business Group, LLC

SEC CIK
0001513126
Latest filing
Aug 10, 2026

The latest 13F from Wharton Business Group, LLC covers Q2 2026 (filed Aug 10, 2026): 142 long positions worth $2.99B. The top 10 holdings make up 52.1% of the portfolio, and the largest is iShares MSCI USA Quality Factor ETF at 8.6%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
4
Est. +$954.3K
Added
19
Est. +$53.7M
Reduced
58
Est. −$133.0M
Sold out
3
Est. −$718.2K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares MSCI USA Quality Factor ETF46432F339
    8.6%$256.1M
  2. iShares Tr46432F388
    7.1%$213.1M
  3. iShares Inc464286533
    5.8%$172.8M
  4. Invesco Exch Traded FD Tr II46138E628
    5.5%$164.4M
  5. iShares Flexible Income Active ETF092528603
    5.4%$160.6M

Share of portfolio

Top 5 holdings and the other 137 positions, by share of portfolio value

  1. iShares MSCI USA Quality Factor ETF8.6%
  2. iShares Tr7.1%
  3. iShares Inc5.8%
  4. Invesco Exch Traded FD Tr II5.5%
  5. iShares Flexible Income Active ETF5.4%
  6. Other 137 positions67.7%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Flexible Income Active ETF092528603
    +$24.9MAdded
  2. iShares Tr464288646
    +$20.9MAdded
  3. BlackRock ETF Trust09290C780
    +$2.19MAdded
  4. BlackRock ETF Trust09290C699
    +$1.95MAdded
  5. FDXFedEx Corp
    +$1.45MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares Tr464288646
    +0.64 pp0.5% → 1.2%
  2. BlackRock ETF Trust09290C780
    +0.36 pp0.7% → 1.1%
  3. iShares Flexible Income Active ETF092528603
    +0.28 pp5.1% → 5.4%
  4. iShares Russell Top 200 Growth ETF464289438
    +0.08 pp1.9% → 2.0%
  5. iShares S&P 100 ETF464287101
    +0.02 pp0.4% → 0.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$22.5MReduced
  2. iShares Tr46432F388
    −$17.3MReduced
  3. Vanguard High Dividend Yield Index ETF921946406
    −$10.8MReduced
  4. iShares Tr46435U713
    −$8.22MReduced
  5. iShares MSCI USA Quality Factor ETF46432F339
    −$7.58MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares MSCI Eafe Min Vol Factor ETF46429B689
    −1.01 pp5.9% → 4.9%
  2. iShares Core S&P 500 ETF464287200
    −0.71 pp2.8% → 2.1%
  3. Vanguard High Dividend Yield Index ETF921946406
    −0.64 pp5.0% → 4.3%
  4. iShares Tr46435U713
    −0.37 pp3.7% → 3.4%
  5. iShares Core High Dividend ETF46429B663
    −0.25 pp1.0% → 0.7%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.99B
+$343.7M (+13.0%) vs. prior quarter
Positions
142
+1 vs. prior quarter
Top 10 concentration
52.1%
Top 10 as share of value
Turnover
1.9%
Q2 2026, one quarter
Average holding period
19.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.99B (Q2 2026)

Q1 2021: $1.28BQ2 2021: $1.28BQ3 2021: $985.6MQ4 2021: $1.62BQ1 2022: $1.65BQ2 2022: $1.51BQ3 2022: $1.48BQ4 2022: $1.72BQ1 2023: $1.67BQ2 2023: $1.52BQ3 2023: $1.80BQ4 2023: $1.99BQ1 2024: $2.08BQ2 2024: $1.94BQ3 2024: $2.23BQ4 2024: $2.22BQ1 2025: $2.21BQ2 2025: $2.37BQ3 2025: $2.29BQ4 2025: $2.63BQ1 2026: $2.65BQ2 2026: $2.99B
Q1 2021Q2 2026
13F filings of Wharton Business Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026142$2.99BiShares MSCI USA Quality Factor ETFiShares TriShares Incvs. Q1 2026SEC
Q1 2026May 7, 2026141$2.65BiShares MSCI USA Quality Factor ETFiShares TriShares MSCI Eafe Min Vol Factor ETFvs. Q4 2025SEC
Q4 2025Feb 11, 2026141$2.63BiShares MSCI USA Quality Factor ETFiShares TrInvesco Exch Traded FD Tr IIvs. Q3 2025SEC
Q3 2025Nov 10, 2025140$2.29BiShares TriShares MSCI Eafe Min Vol Factor ETFiShares Incvs. Q2 2025SEC
Q2 2025Aug 14, 2025137$2.37BiShares MSCI USA Quality Factor ETFiShares MSCI Eafe Min Vol Factor ETFiShares Incvs. Q1 2025SEC
Q1 2025May 9, 2025137$2.21BiShares MSCI USA Quality Factor ETFiShares TriShares Incvs. Q4 2024SEC
Q4 2024Feb 4, 2025137$2.22BiShares MSCI USA Quality Factor ETFiShares TriShares Incvs. Q3 2024SEC
Q3 2024Nov 7, 2024141$2.23BiShares MSCI USA Quality Factor ETFiShares TrInvesco Exch Traded FD Tr IIvs. Q2 2024SEC
Q2 2024Aug 12, 2024138$1.94BiShares MSCI USA Quality Factor ETFiShares TriShares Incvs. Q1 2024SEC
Q1 2024May 13, 2024135$2.08BVanguard BD Index FDSiShares MSCI USA Quality Factor ETFiShares Trvs. Q4 2023SEC
Q4 2023Feb 7, 2024133$1.99BVanguard BD Index FDSiShares MSCI USA Quality Factor ETFiShares MSCI Eafe Min Vol Factor ETFvs. Q3 2023SEC
Q3 2023Nov 6, 2023139$1.80BVanguard BD Index FDSiShares MSCI USA Quality Factor ETFiShares Trvs. Q2 2023SEC
Q2 2023Aug 7, 2023133$1.52BiShares MSCI USA Quality Factor ETFiShares MSCI Eafe Min Vol Factor ETFiShares Core MSCI Emerging Markets ETFvs. Q1 2023SEC
Q1 2023May 4, 2023137$1.67BVanguard BD Index FDSiShares MSCI USA Quality Factor ETFiShares MSCI Eafe Min Vol Factor ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023141$1.72BVanguard BD Index FDSiShares MSCI USA Quality Factor ETFiShares MSCI Eafe Min Vol Factor ETFvs. Q3 2022SEC
Q3 2022Oct 31, 2022131$1.48BVanguard BD Index FDSiShares MSCI USA Quality Factor ETFiShares MSCI Eafe Min Vol Factor ETFvs. Q2 2022SEC
Q2 2022Aug 9, 2022131$1.51BVanguard BD Index FDSiShares MSCI USA Quality Factor ETFiShares Core MSCI Emerging Markets ETFvs. Q1 2022SEC
Q1 2022May 18, 2022Amended132$1.65BVanguard BD Index FDSiShares MSCI USA Quality Factor ETFiShares Core MSCI Emerging Markets ETFvs. Q4 2021SEC
Q4 2021Feb 10, 2022130$1.62BiShares MSCI USA Quality Factor ETFVanguard BD Index FDSiShares Core MSCI Emerging Markets ETFvs. Q3 2021SEC
Q3 2021Nov 9, 202166$985.6MVanguard BD Index FDSiShares MSCI USA Quality Factor ETFiShares Core MSCI Emerging Markets ETFvs. Q2 2021SEC
Q2 2021Aug 11, 2021120$1.28BiShares MSCI USA Quality Factor ETFiShares Core MSCI Emerging Markets ETFiShares Core S&P 500 ETFvs. Q1 2021SEC
Q1 2021May 10, 2021121$1.28BiShares MSCI USA Quality Factor ETFiShares Core MSCI Emerging Markets ETFiShares MSCI Eafe Min Vol Factor ETF–SEC