1y return+27.2%S&P 500 +20.9%
3y return+62.5%S&P 500 +68.5%
5y return+51.1%S&P 500 +74.5%
10y return+170.0%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $270 against $357 in the S&P 500.2
Wharton Business Group, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| QUALIshares Tr | $256.1M | 8.6% | −2.9% |
| VLUEIshares Tr | $213.1M | 7.1% | −7.5% |
| EEMVIshares Inc | $172.8M | 5.8% | −2.2% |
| KBWBInvesco Exch Traded Fd Tr II | $164.4M | 5.5% | −3.3% |
| BINCBlackrock Etf Trust II | $160.6M | 5.4% | +18.3% |
| EFAVIshares Tr | $146.6M | 4.9% | −2.5% |
| VYMVanguard Whitehall Fds | $129.7M | 4.3% | −7.7% |
| AAPLApple Inc | $117.4M | 3.9% | −5.5% |
| IFRAIshares Tr | $100.4M | 3.4% | −7.6% |
| IEMGIshares Inc | $95.8M | 3.2% | −5.9% |
| XLKSelect Sector Spdr Tr | $85.9M | 2.9% | −7.3% |
| VEUVanguard Intl Equity Index F | $73.8M | 2.5% | |
| VUSBVanguard Bd Index Fds | $71.6M | 2.4% | |
| ARTYIshares Tr | $70.5M | 2.4% | −2.5% |
| IVVIshares Tr | $62.5M | 2.1% | −26.5% |
| RSPInvesco Exchange Traded Fd T | $61.9M | 2.1% | |
| IWYIshares Tr | $59.0M | 2.0% | |
| JPMJpmorgan Chase & Co | $53.1M | 1.8% | |
| GSGoldman Sachs Group Inc | $49.0M | 1.6% | |
| CATCaterpillar Inc | $42.9M | 1.4% | −14.4% |
| BRK/BBerkshire Hathaway Inc Del | $40.9M | 1.4% | |
| IQLTIshares Tr | $38.6M | 1.3% | |
| XLVSelect Sector Spdr Tr | $36.8M | 1.2% | |
| KBESpdr Series Trust | $36.6M | 1.2% | |
| IGSBIshares Tr | $34.7M | 1.2% | +151.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CATCaterpillar Inc | December 31, 2021 | +415.1% | $42.9M |
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $49.0M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $17.6M |
| PWRQuanta Svcs Inc | September 30, 2023 | +284.9% | $24.2M |
| XLKSelect Sector Spdr Tr | June 30, 2020 | +264.7% | $85.9M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $53.1M |
| CMICummins Inc | December 31, 2021 | +227.0% | $33.2M |
| PWBInvesco Exchange Traded Fd T | June 30, 2020 | +207.5% | $27.1M |
| VLUEIshares Tr | June 30, 2020 | +176.4% | $213.1M |
| ARTYIshares Tr | June 30, 2020 | +157.7% | $70.5M |
Sold off last quarter
- Accenture PLC IrelandCUSIP G1151C101 was $268K
- BABAAlibaba Group Hldg Ltd was $238K
- PLTRPalantir Technologies Inc was $212K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +15.6% | +14.8% |
| March 31, 2026 | −0.6% | −4.6% |
| December 31, 2025 | +3.3% | +2.4% |
| September 30, 2025 | +7.2% | +7.8% |
| June 30, 2025 | +7.9% | +10.5% |
| March 31, 2025 | −1.2% | −4.6% |
| December 31, 2024 | −0.7% | +2.1% |
| September 30, 2024 | +7.0% | +5.4% |
| June 30, 2024 | +1.1% | +4.0% |
| March 31, 2024 | +6.1% | +10.0% |
| December 31, 2023 | +8.7% | +11.2% |
| September 30, 2023 | −3.3% | −3.6% |
| June 30, 2023 | +4.2% | +8.3% |
| March 31, 2023 | +3.8% | +7.0% |
| December 31, 2022 | +7.7% | +7.1% |
| September 30, 2022 | −6.5% | −5.3% |
| June 30, 2022 | −12.2% | −16.5% |
| March 31, 2022 | −5.2% | −4.9% |
| December 31, 2021 | +4.2% | +10.7% |
| September 30, 2021 | −1.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Wharton Business Group, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1513126&type=13F-HR&dateb=&owner=include&count=40CIK 1513126
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1513126/000151312626000003/Filed August 10, 2026 · accession 0001513126-26-000003